- This topic has 1 reply, 2 voices, and was last updated 4 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hello Miss,I would like to know the correct sequence for the develop an audit strategy and audit plan; determine the materiality level.
Is it perform analytical review & risk assessment, and determine the materiality level and then audit strategy and plan?
Thank you.
Really they all go hand-in-hand and none are “cast in stone” – as new information because available, risk/materiality should be reassessed (which may affect strategy and/or plan).
Analytical procedures at the planning stage are a risk assessment procedure (see page 54 of the notes).
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.