In an integrated audit the auditor is responsible to only form an opinion on the fairness of the financial statements.

Question

Quizplus · Accepted Answer

In an integrated audit, the auditor is responsible for obtaining assurance on both the financial statements and the internal control over financial reporting. Therefore, the auditor is not only responsible for forming an opinion on the fairness of the financial statements but also on the effectiveness of internal control over financial reporting.

In an Integrated Audit the Auditor Is Responsible to Only