Problem: The CEO of your company has recently met with the auditors to discuss the scope of the year's audit. The CEO has asked you to make a presentation at the next board of directors meeting to discuss the reason that public accounting firms perform an integrated audit. Include the following in the presentation:
1) Discuss the reason for an integrated audit.
2) Present a recent failure of a corporate governance in the US. What action did the public think was necessary to improve the quality of corporate governance in this example?
3) Present a definition of auditing and corporate governance to help in the understanding of an integrated audit.