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Author: |
Colten Christensen, Author |
Course Length: |
Pages: 23 ||| Word Count: 21,103 ||| Review Questions: 9 ||| Final Exam Questions: 15 |
CPE Credits: |
3.0 |
IRS Credits: |
0 |
Price: |
$26.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Auditing |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course explains how to transform completed audit planning into an effective audit strategy covering resource allocation, scheduling, and client coordination.
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Frequently Asked Questions: |
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Description: |
Developing an effective audit strategy is a critical step in transforming audit planning into successful engagement execution. Once foundational planning activities have been completed, auditors must determine how the engagement will be performed, which areas require the greatest attention, how resources will be allocated, and how timelines will be managed throughout the audit. A well-developed audit strategy helps engagement teams focus their efforts efficiently, coordinate responsibilities effectively, and establish a structured approach for obtaining sufficient appropriate audit evidence while maintaining audit quality and meeting reporting deadlines. This course explores the key components involved in developing and executing an audit strategy. Participants will examine the differences between an overall audit strategy and a detailed audit plan, considerations for staffing and resource allocation, methods for scheduling and budgeting audit engagements, and techniques for coordinating effectively with clients throughout the audit process. The course also addresses communication practices, management of prepared-by-client (PBC) requests, workload balancing, and strategies for minimizing delays that can affect engagement efficiency and audit quality. |
Usage Rank: |
43333 |
Release: |
2026 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Auditing Creating a Plan for Success
Internal: Auditing Risk Assessment and Materiality
External: Internal audit
External: Internal Audit: Types, Benefits, and Key Elements
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
27-Jun-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Developing the Audit Strategy - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives By the end of this course, participants will be able to:
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Course Contents: |
Chapter 1 - Developing the Audit Strategy Course Learning Objectives Building the Audit Strategy Developing the Overall Audit Approach Risk-Based Thinking at a High Level Audit Strategy vs. Audit Plan Determining Key Focus Areas Timing Considerations Staffing and Resource Planning Assigning Engagement Teams Delegating Responsibilities Using Specialists Managing Workloads Scheduling and Budgeting the Engagement Creating Audit Timelines Managing Deadlines Budgeting Hours and Resources Handling Unexpected Delays Coordinating with the Client Prepared-by-Client (PBC) Requests Communication Best Practices Managing Client Expectations Avoiding Fieldwork Bottlenecks Glossary |
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