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:

Fixed Units of Measurement

This refers to using consistent and unchanging units when measuring variables or quantities in research, experiments, or any form of data collection.

Ratios

Expresses the quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.

Univariate Data

Data consisting of observations on only a single characteristic or attribute.

Single Variable

Pertaining to equations, functions, and data that involve only one variable and do not require the interaction or relationship with any other variables for their resolution.