22. CA Sameer, after developing the audit strategy for Menka Ltd., develops an audit plan but finds a need to revise the materiality levels set earlier and therefore, a deviation from the already set audit strategy is felt necessary.In this case, he should


(a)Continue with the Audit Plan without considering the Audit Strategy.

(b) Drop the audit and withdraw from the engagement.

(c) First Modify the audit strategy and thereafter, prepare the audit plan according to the modified strategy.

(d) Devise a new audit plan and then, change the strategy as per the Revised Plan.























Ans:  (d) Devise a new audit plan and then, change the strategy as per the Revised Plan.

Join our WhatsApp group for more updates Join here