Issuers' financial statements should be accompanied by all of the following reports except the
A)auditors' report on internal control over financial reporting.
B)management's report on internal control over financial reporting.
C)auditors' report on financial statements and related disclosures.
D)management's report on financial statements and related disclosures.

Question

Quizplus · Accepted Answer

Management's report on financial statements and related disclosures is not a standard requirement. Typically, management is responsible for the preparation and integrity of the financial statements themselves, but they provide a report on internal control over financial reporting, not on the financial statements and related disclosures. The auditors provide reports on the financial statements and the effectiveness of internal control over financial reporting.

Issuers' Financial Statements Should Be Accompanied by All of the Following