An "Integrated Audit" as Stated in Section 404 of the Sarbanes-Oxley

question 38

Multiple Choice

An "integrated audit" as stated in Section 404 of the Sarbanes-Oxley Act means:

• A)the auditor must consider the integrated thoughts and ideas of everyone on the audit staff.
• B)the auditor must conduct two audits, one on the effectiveness of internal control and one on the financial statements, in an integrated way.
• C)the auditor must integrate the same objectives whether auditing internal control or auditing the financial statements.
• D)two independent CPA firms must work together on the audit.

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Definitions:

Punishment And Obedience

Punishment and obedience involve the application of penalties for wrongdoing in order to enforce compliance with laws, rules, or commands.

Avoid Punishment

Actions or strategies employed to escape or mitigate consequences set by legal, institutional, or social systems.

Moral Appreciation

The capacity to recognize and value moral qualities or ethical dimensions in actions and decisions.

Sympathy

The feeling of pity or sorrow for someone else's misfortune.