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what are the 2 types of audits that are combined into 1 audit as part of...

what are the 2 types of audits that are combined into 1 audit as part of integrated audits of large public companies? what is the purpose of each of the 2 types of audits
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The financial statement audit is combined with internal controls audit to form a single audit as part of the integrated audits.

The purpose of financial audit is to ensure that the financial statement of the company is free from any material misstatement. The purpose of the internal control audit is to ensure that the policies and compliance implemented by the management of the company, is effective and is strictly followed.

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