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

question 51

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.

---

Definitions:

Judgemental Role

The judgemental role involves making decisions or forming opinions about certain situations, often involving evaluation of performance or behavior.

Direct Evaluation

Assessment method where the performance or quality of work is appraised directly by observing or measuring outcomes without intermediaries.

Accomplishments

Achievements or completed objectives that demonstrate skill, effort, or success in various areas.

Manager

An individual responsible for planning, directing, and overseeing the operations and employees within an organization or a specific division, ensuring goals are met.