An integrated audit is defined as ___.

an audit of a clients financial statements both the external and internal auditors performing the financial statement audit performing the financial statement audit and the audit of the effectiveness of internal control over financial reporting (ICFR) at the same time an audit of a client's system of internal control

If an internal control exception is identified, the auditor___.

must use their professional judgment to determine if the exception is a control deficiency, a significant deficiency, or a material weakness should notify the Securities and Exchange Commission (SEC) within 14 days must use published frameworks to determine if the exception is a control deficiency, a significant deficiency, or a material weakness should consider withdrawing from the engagement