An Audit Strategy Is Developed _______

Multiple Choice

An audit strategy is developed _______.

A) in response to the risk assessment for each significant account and assertion using the formula for audit risk
B) in response to the risk assessment for each insignificant account and assertion using the formula for audit risk
C) by the auditor, but must be reviewed and approved by management
D) by the auditor, but must be reviewed and approved by the internal audit function