An Integrated Audit Report provides opinion(s)on which of the following?
A)The financial statements.
B)Internal controls.
C)Both financial statements and internal controls.
D)Neither financial statements nor internal controls.

Question

Quizplus · Accepted Answer

An Integrated Audit Report provides opinion(s) on both financial statements and internal controls. It is a combination of an audit of the financial statements and an evaluation of the internal controls over financial reporting. The purpose of an integrated audit is to provide assurance on the accuracy and reliability of financial reporting as well as the effectiveness of the internal controls that support the financial reporting process. Therefore, the correct choice is C.

An Integrated Audit Report Provides Opinion(s)on Which of the Following