What is audit strategy and audit plan
The audit strategy sets the overall scope timing and direction of the audit and matters included in it are: knowledge gained from previous audits and during the preliminary risk assessment, the nature timing and extent of resources sach as using the appropriate people ... whereas the audit planning CONVERTS the overall audit strategy into a more detailed plan. It includes the nature timing and extent of audit procedures to be performed by the the audit team members in order to obtain sufficient appropriate audit evidence to reduce audit risks to an acceptably low level.
In generally, the audit strategy is done at first by audit team, whereby including the work assignment to auditirs. Follow by the audit plan which is contains more details of audit programmes.