RDB & Co. have been appointed as statutory auditors of INA Group of Hotels. This is the first time the firm is auditing an industry in food…

CA Intermediate · Auditing and Ethics · PYQS · September 2024
RDB & Co. have been appointed as statutory auditors of INA Group of Hotels. This is the first time the firm is auditing an industry in food & beverage. The engagement partner, CA R, and other key members of the engagement team have undertaken the activity of development of an audit plan of INA Hotels after thorough understanding the Hotel's business and its environment. As per SA 300, description of which of the following matters is not a part of developing an audit plan?
(A) The nature, timing and extent of planned risk assessment procedure.
(B) The nature, timing and extent of planned further audit procedures at assertion level.
(C) The nature, timing and extent of resources necessary to perform the engagement.
(D) Other planned audit procedures that are required to be carried out so that the engagement complies with SAs.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

The nature, timing and extent of resources necessary to perform the engagement.

Topics: Risk Assessment and Internal Control, Audit Strategy, Audit Planning and Audit Programme

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic