A nonpublic company auditors' report is most likely to be addressed to the company whose financial statements are being examined or to that company's:
A)Chief operating officer.
B)President.
C)Audit Committee.
D)Chief financial officer.

Question

Quizplus · Accepted Answer

The nonpublic company auditors' report is most likely to be addressed to the Audit Committee of the company whose financial statements are being examined because the Audit Committee is responsible for overseeing the financial reporting process and the work of the auditors. Additionally, addressing the report to the Audit Committee ensures that the report is communicated to the appropriate individuals within the company who have responsibility for financial reporting and oversight.

A Nonpublic Company Auditors' Report Is Most Likely to Be