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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit plan vs. Audit strategy
Could you kindly inform what is the difference between Audit plan & Audit strategy?
Audit strategy is high level, such as, reliance on tests of control or full substantive, involvement of internal audit, materiality, how to counter high risk areas. The audit plan is more detailed such a when, who will be on the team, how large should samples be?
Many thanks Professor!
