An integrated approach to auditing considers both the risk of misstatements and operating controls intended to prevent misstatements.

Question

Quizplus · Accepted Answer

An integrated approach to auditing involves evaluating both the risk of misstatements and the effectiveness of operating controls to prevent or detect misstatements. This approach is designed to improve the overall quality of the audit and the reliability of the financial statements.

An Integrated Approach to Auditing Considers Both the Risk of Misstatements