Based on PCAOB guidelines, the audit of ICFR and financial statements audit should be conduced as an "integrated audit."

Question

Quizplus · Accepted Answer

The PCAOB guidelines require an integrated audit approach for the audit of ICFR and financial statements. This approach combines the audit of controls over financial reporting with the audit of financial statements in order to assess the effectiveness of internal controls and determine the likelihood of material misstatements in the financial statements.

Based on PCAOB Guidelines, the Audit of ICFR and Financial