In an integrated audit the auditor is required to issue two separate reports.One on the fairness of the internal controls and a second on the fairness of the financial statements.
Correct Answer:
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Q14: Substantive procedures performed by the auditor will
Q15: If the auditor finds material weaknesses in
Q16: Pervasive controls are those that affect the
Q17: During the course of the audit,the auditor
Q18: The auditor should not attempt to analyze
Q20: In an integrated audit the auditor is
Q21: The direct tests of account balances are
Q22: The auditor is responsible to understand the
Q23: The assessment of internal control is at
Q24: To some extent,the external auditor can rely
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