Identify the correct statement regarding integrated audits.




Multiple Choice



A. The AICPA began requiring integrated audits in response to accounting scandals such as Enron.



B. An integrated audit involves providing an opinion on the financial statements and the internal control effectiveness of a company.



C. Evaluating internal controls is often a vital part of an integrated audit.



D. The term ‘integrated audit’ refers to the cooperation between internal and external auditors in preparing audited financial statements.