Question: QUESTION 4 [20 MARKS] 4.1 Discuss the difference between an audit strategy and an audit plan. In your discussion, highlight the main contents found in

QUESTION 4 [20 MARKS]

4.1 Discuss the difference between an audit strategy and an audit plan. In your discussion, highlight the main contents found in an audit strategy document. (12)

4.2 Explain why auditors reports are important to users of financial statements and why it is desirable to standard wording. (8)

Include Introduction, Body and Conclusion.

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