week 2 d2

Prior to beginning work on this discussion forum, read Chapters 6 and 7 in the course textbook.

As a part of the planning process, auditors develop an audit strategy, an audit plan, and a time budget. Address the following in your discussion post:

• Describe an audit strategy and explain its purpose.
• Describe an audit plan and explain its purpose.
• Describe a time budget and explain its purpose.