For an Integrated Audit to Be Possible

question 55

Multiple Choice

For an integrated audit to be possible:

• A) Established criteria must exist against which the financial statements and ICFR can be compared.
• B) The auditor must have sufficient knowledge of both the AICPA SAS and PCAOB AS.
• C) The entity must have sufficient books, records and other underlying evidence so that the auditor can determine whether there is a high degree of correspondence between the underlying evidence and the financial statements.
• D) a and c

---

Definitions:

Dairy Farms

Agricultural enterprises where cattle are raised for milk production, which may be processed on-site or at separate facilities.

Tradable Emissions Permit

A regulatory tool that allows businesses to buy, sell, or trade allowances that permit them a certain amount of pollutant emissions, encouraging reduction in pollution in a cost-effective manner.

Discharge Level

Discharge level typically pertains to the volume or rate at which a fluid, such as water or gas, is expelled from a given source, often used in environmental science to refer to pollution control.

Pollutants

Substances that contaminate the environment, causing harm to ecosystems and human health.