What do you mean by Nature, Timing and Extent of Audit?

In auditing, the “Nature, Timing, and Extent of Audit” refer to critical factors that auditors consider when planning and conducting an audit engagement. These factors are addressed in the Standard on Auditing (SA) 200 – “Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing.” Reference: SA…...