An "integrated audit"
A) Will, in most cases, lead to a substantive audit strategy.
B) Denies the auditor access to information about the entity's controls.
C) May be performed by two separate audit firms.
D) Is comprised of audits of internal control over financial reporting and of financial statements.

Question

Quizplus · Accepted Answer

An integrated audit is comprised of audits of both internal control over financial reporting (ICFR) and financial statements. This approach allows for a more efficient and coordinated audit process. It does not necessarily lead to a substantive audit strategy, denies access to information about controls, or require the involvement of two separate audit firms.

An "Integrated Audit