An audit report is appropriate:
A) whenever a public accounting firm assists a client in preparing financial reports.
B) only when an audit is conducted.
C) whenever a public accounting firm is associated with financial reports.
D) none of the above

Question

Quizplus · Accepted Answer

An audit report is specifically prepared and issued following the completion of an audit, which involves an independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.

An Audit Report Is Appropriate