Acceptance and planning
The Planning Playbook
Strategy before plan, the successor drives predecessor contact, and analytics and brainstorming are required.
How the exam words it
- -The stem is about the overall strategy, the audit plan, or the predecessor auditor.
- -It asks who initiates predecessor communication and what management must authorize.
- -It asks which stages require analytical procedures, or what the fraud brainstorming covers.
The playbook
- 1The successor initiates contact, but only after management authorizes the predecessor to respond, and a refusal is itself a red flag.
- 2The overall strategy sets scope, timing, and direction, the audit plan details the procedures.
- 3Analytical procedures are required in planning and final review, and the team brainstorms fraud risk.
The trap
Saying the predecessor initiates contact or that analytics are optional in planning. The successor initiates, and planning analytics are required.
How the exam varies it
The same pattern, re-skinned along these axes:
Predecessor communication, strategy versus plan, or planning proceduresWho acts: successor, predecessor, or managementAcceptance decision versus planning execution
Drill this pattern
8 questions of The Planning Playbook from across the AUD topics. Clear it by getting 5 right with a streak of 3.