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Which of following procedures or statements is correct for integrated audits? We only evaluate the design and not the implementation of ELCs that are important
Which of following procedures or statements is correct for integrated audits? We only evaluate the design and not the implementation of ELCs that are important to our conclusions on the effectiveness of internal control over financial reporting. We only test ELCs in the entity's risk assessment and the information and communication components of the system of internal control. We test the controls that are intended to address the risks of material misstatement due to fraud, including those controls that address the risk of management override of controls. We normally do not obtain an understanding and test ELCs simultaneously, since we first have to decide whether we will test ELCs that are important to our audit
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