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What are the differences between audit strategy and audit plan?

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Accounting

What are the differences between audit strategy and audit plan?

1 Answers



  1. Jane on Nov 09, 2011

    The audit strategy is the general approach and general principle. It determines scope and direction of audit and determines its development.
    The audit plan is the detailed approach, the steps that should be followed. It shows how the overall strategy will be implemented.

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