dentify the correct statement regarding integrated audits.

Multiple Choice

• The AICPA began requiring integrated audits in response to accounting scandals such as Enron.

• An integrated audit involves providing an opinion on the financial statements and the internal control effectiveness of a company.

• The term integrated audit refers to the cooperation between internal and external auditors in preparing audited financial statements.

• Evaluating internal controls is often a vital part of an integrated audit.