An "Integrated Audit" Includes an Audit of What

question 47

Multiple Choice

An "integrated audit" includes an audit of what?

• A)The company's internal controls.
• B)The company's financial statements.
• C)The company's compliance with its rules and policies.
• D)Both A and B.

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Definitions:

Closed Systems

A concept in organizational theory referring to organizations that do not interact with their environment, assuming all resources and activities are internal.

Organizations

Entities or groups of people structured to pursue collective goals while being identified as a separate entity from its members.

Environment

The surroundings or conditions in which a person, plant, or animal lives or operates, including natural, social, and built factors.

Open System

A theory in organizational and business studies that suggests organizations are entities that interact with their environment to exchange information, energy, or resources.