An integrated audit requires the issuance of separate reports for the opinions expressed on the financial statements and on internal control.

Question

Quizplus · Accepted Answer

An integrated audit, such as those required under Sarbanes-Oxley Act Section 404 for public companies, typically results in a single audit report that expresses opinions on both the financial statements and the effectiveness of internal control over financial reporting.

An Integrated Audit Requires the Issuance of Separate Reports for the Opinions