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The audit strategy document, per SA 300, should be:
AA high-level document setting scope, timing and direction of the audit
BA detailed work programme for every account
CA list of confirmations to be sent
DThe engagement letter signed by management
Answer & Solution
Correct answer: B. A detailed work programme for every account
1. Audit strategy is the high-level approach; the audit plan is the detailed programme.
2. Strategy sets scope, timing, direction; plan operationalises this.
3. These are two distinct documents under SA 300.
_Source: ICAI BoS CA Final Paper 3, Ch 2 "Audit Planning Strategy and Execution"_
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