What does audit strategy mean on the CPA exam?
Audit strategy. The overall scope, timing and direction of the engagement, set before the detailed plan. It decides where the resources go.
Defined against AU-C 300.07.
Which CPA exam sections use audit strategy?
Audit strategy appears in the AUD section of the CPA exam.
Related terms
- agreed-upon procedures: An engagement where the practitioner performs procedures the parties have specified and reports the findings, expressing no opinion.