Q 1.17: Which of the following statements is most correct regarding Integrated audits For efficiency purposes, auditors will select audit procedures that allow them to gather evidence that is useful to both of the financial statement and ICFR audits. Auditors can provide absolute assurance about the effectiveness of internal controls, but they cannot provide absolute assurance on the fair presentation of the financial statements (C) Auditors must plan and perform their work to achieve the objectives of the financial statement audit prior to the audit of the effectiveness of ICFR. Auditors are required to obtain negative assurance about whether the company maintained effective ICFR for the period under audit