International Auditing Standards

Question 1

Which of the following topics represents a primary difference between U.S. auditing standards relative to International Standards on Auditing?

Answer 1

Reporting on internal control in an integrated audit for a public company.
U.S. auditing standards (associated with requirements under the Sarbanes-Oxley Act) address internal control reporting in connection with an “integrated audit,” but International Standards on Auditing do not address the topic of an “integrated audit.”