Auditing and EthicsMCQQuestion 6221 of 213
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15. Which of the following statements is inappropriate?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Once the overall audit strategy is established, an audit plan can be developed to address the various matters identified in the overall audit strategy.

All Options:

  • AOnce the overall audit strategy is established, an audit plan can be developed to address the various matters identified in the overall audit strategy. ✓
  • BThe establishment of an overall audit strategy as well as detailed audit plan are not necessarily discrete or sequential process.
  • CAudit Strategy and Audit plan are not inter-related as changes in one may not result in consequential changes to the other.
  • DThe Audit plan is more detailed than the Audit Strategy that includes the nature, timing and extent of audit procedures to be performed by engagement team members. (2 Marks) Answer Key MCQ No. Correct Option

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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