the general audit strategy

Audit planning is a vital area of the audit primarily conducted at the beginning of audit
process to ensure that appropriate attention is devoted to important areas, potential problems
are promptly identified, work is completed expeditiously and is properly coordinated. Audit
planning means developing a general strategy and a detailed approach for the expected nature,
timing and extent of the audit. The auditor plans to perform the audit in an efficient and timely
manner. The auditor should develop and document a general strategy describing the expected