1.An integrated audit refers to _______.

a.integrating the opinion of the prior auditor into the current year audit

b.only auditing the financial statements, with no procedures extended to the system of internal control

c.allowing the firm's legal counsel to amend the audit report as they see fit

d. performing the financial statement audit and the audit of the effectiveness of internal control over financial reporting (ICFR) at the same time

2.Adverse opinions on the effectiveness of internal control are_______.

a.routinely seen in practice

b.never seen in practice

c.rare for large, well-established companies

d. commonplace among larger companies

3.In a financial statement audit, which level of assurance provides that no material modifications should be made to the financial statements for them to be in accordance with the applicable financial reporting framework?

a.Reasonable assurance

b.Limited assurance

c.No assurance

d.None of the answers are correct.