. Which of the following is true regarding the conduct of an integrated audit? 1. The auditor is not required to test controls if the auditor performs direct tests of account balances and transactions. 2. If the auditor does not find any material weaknesses, the auditor reports that the internal controls over financial reporting are operating effectively. 3. Any significant deficiencies found are reported to the client's audit committee. 4. All of the above are true. O 1 02 O o O 3 04