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The "Overall Audit Strategy" document is BEST reviewed and updated by:
ATCWG independently of the auditor
BThe engagement partner throughout the audit as circumstances evolve
CThe audit team only once at the start
DThe forensic team at the end
Answer & Solution
Correct answer: C. The audit team only once at the start
1. SA 300.10 requires the strategy and plan to be updated as needed throughout the audit.
2. The engagement partner owns the strategy.
3. TCWG receive certain communications but do not own the document.
_Source: ICAI BoS CA Final Paper 3, Ch 2 "Audit Planning Strategy and Execution"_
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