Whenever an auditor issues an audit report for a public company, the auditor can choose to issue a report in which of the following forms?
I.A combined report on financial statements and internal control over financial reporting
II.Separate reports on financial statements and internal control over financial reporting
A)I only
B)II only
C)Either I or II.
D)Neither I nor II.

Question

Quizplus · Accepted Answer

An auditor can choose to issue a combined report on financial statements and internal control over financial reporting or separate reports on financial statements and internal control over financial reporting. The choice depends on the circumstances and the auditor's professional judgment. Therefore, both options are valid.

Whenever an Auditor Issues an Audit Report for a Public