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Which is NOT a benefit of audit planning per SA 300?
AIdentifying potential problems on a timely basis
BFacilitating direction and supervision of team
CEliminating the need for review of work papers
DDevoting appropriate attention to important areas
Answer & Solution
Correct answer: D. Devoting appropriate attention to important areas
1. Planning does not replace the review of work papers - which is a separate SA 220 requirement.
2. The other three are explicit benefits listed in SA 300.
3. Review remains mandatory regardless of how thorough planning was.
_Source: ICAI BoS CA Final Paper 3, Ch 2 "Audit Planning Strategy and Execution"_
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