Question: 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

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.

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