Transcribed Image Text: In establisng the overall audit strategy, the auditor shall: 1. Identify the characteristics of the engagement that define

Excerpt
judgement are significant in directing the engagement team. 1, 2,3 and 4 3 only 1, 2 and 3 only 1 and 2 only Wch one of the following fraudulent activity is an appropriate example for misappropriation of assets? Auditing and C EN 4 小 ll

Transcribed Image Text: In establisng the overall audit strategy, the auditor shall:
1. Identify the characteristics of the engagement that define its scope
2. Ascertain the nature, timing and extent of resources necessary to perform the engagement
3. Ascertain the reporting objective of the engagement to plan the timing of the audit and the naturé of the communication
required
4. Consider the factors that, in the auditor’s professional judgement are significant in directing the engagement team.
1, 2,3 and 4
3 only
1, 2 and 3 only
1 and 2 only
Wch one of the following fraudulent activity is an appropriate example for misappropriation of assets?
Auditing and C
EN
4 小 ll

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