Audit Strategy area For example, the checklist may specify the types of questions or what udt Iims ofen use checklists troughout the audt process. These checklists provide a baseline of what needs to be performed andyor askod for each appropriate a rvidence needs to be obtained to properly sample evaluate, and document the resuts These checklists hp nrh the requirements of guidance are considered and met Auditors will thon complete these checlists by answering each question or statement For each question or statoment liested below, determine whethor it would most kely be inckuded or excluded trom the audit strategy checklist Statement or Question Exclude? 1 w thauda irrvolve specialists? so please include the specialsts) that may be involved as wea as the expected extent on irthment 2 Has management agreed to the preiminary materiality amount? 3 Dees the entity ueilize service organications Ifso, please include the service organiz ations weliced by the entihy d Decumont the deadlines for interim and final eporing 5 Were non to accounts recevable cor mations folowed up ith a 2nd cent' mation request? of materiality 8 Will the audit ufice the client's internal auditor's for direct assistance? If so, to what extent? 9 Does the work performed on deferred credits support the conclusion about the audit area? 0. Decument the areas where here is a higher rk of material misstatement 11. Was the management representation letter oblained? 12 Decument, if any, addisional regulatory reporting requirements that the entity must adhere to Audit Strategy area For example, the checklist may specify the types of questions or what udt Iims ofen use checklists troughout the audt process. These checklists provide a baseline of what needs to be performed andyor askod for each appropriate a rvidence needs to be obtained to properly sample evaluate, and document the resuts These checklists hp nrh the requirements of guidance are considered and met Auditors will thon complete these checlists by answering each question or statement For each question or statoment liested below, determine whethor it would most kely be inckuded or excluded trom the audit strategy checklist Statement or Question Exclude? 1 w thauda irrvolve specialists? so please include the specialsts) that may be involved as wea as the expected extent on irthment 2 Has management agreed to the preiminary materiality amount? 3 Dees the entity ueilize service organications Ifso, please include the service organiz ations weliced by the entihy d Decumont the deadlines for interim and final eporing 5 Were non to accounts recevable cor mations folowed up ith a 2nd cent' mation request? of materiality 8 Will the audit ufice the client's internal auditor's for direct assistance? If so, to what extent? 9 Does the work performed on deferred credits support the conclusion about the audit area? 0. Decument the areas where here is a higher rk of material misstatement 11. Was the management representation letter oblained? 12 Decument, if any, addisional regulatory reporting requirements that the entity must adhere to