An Audit Strategy

question 25

Multiple Choice

An audit strategy

• A) is determined by the client.
• B) involves determining the amount of time to be spent testing the client's internal controls and conducting detailed substantive testing.
• C) sets the scope, timing and direction of the audit.
• D) both b and c

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Definitions:

Functional Structures

An organizational structure where the company is divided into departments based on specific functions or roles, such as marketing, finance, or human resources, enhancing specialization and efficiency.

Organic

Pertains to living systems or compounds containing carbon, or in business, refers to growth achieved through internal processes.

Formal

Following or conforming to established rules, conventions, or ceremonies.

Regulations

Rules or directives made and maintained by an authority to regulate behavior or achieve compliance.