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one of the components of audit strategy is ascertaining reporting objectives to plan the timing of audit and nature of communications required.
may you please provide an insight here sirEg if the company were a subsidiary of a company in the USA, reporting timetables are usually very tight.
So, on one major audit I worked on, our strategy was to perform a full audit for 11 months to 30/11, then we reviewed the results and changes for the last month. That let us report very quickly on the years’s results.
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