View attached explanation and answer. Let me know if you have any questions.1Audit QuestionsStudentsNameInstitutional AffiliationCourse Name and NumberInstructor’s NameDate2Part TwoQuestion OneThe term “audit strategy” refers to a mix of the audit technique to be employed,capital management and allocation, audit timeline, and how the audit engagement is handled(Sorokina, 2020). The audit strategy’s purpose is to reduce audit risks and to conduct the auditeffectively and efficiently; it enables auditors to ascertain the number of resources required andthe requisite level of experience and skill for audit work.Question TwoAn audit plan is a detailed set of particular guidelines that must be observed when performing…
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