To calculate net purchases of inventory, freight-in is added to the cost of inventory. True False Good internal control systems can reduce the risk of undetected errors and fraud. True False An integrated audit is when the auditors of a public company audit both: The company's financial statements and HR system. The company s funancial statements and internal control. The company's in uncial statements and hiring practices. The Sarbanes-0xley Act (SOX) of 2002 was passed to help regulate: Public companies Both public companies and auditors of public companies Auditors of public companies