Ordinarily,a public company audit report must be addressed to:

$\begin{array} { l c c }
&\text { Board of Directors} & \text {Shareholders } \
\text { A } & \text { Yes } & \text { Yes } \ \text { B. } & \text { Yes } & \text { No } \ \text { C. } & \text { No } & \text { Yes } \ \text { D. } & \text { No } & \text { No } \end{array}$
A)Option A
B)Option B
C)Option C
D)Option D

Question

Ordinarily,a public company audit report must be addressed to:

$\begin{array} { l c c } 
&\text { Board of Directors} & \text {Shareholders } \
 \text { A } & \text { Yes } & \text { Yes } \ \text { B. } & \text { Yes } & \text { No } \ \text { C. } & \text { No } & \text { Yes } \ \text { D. } & \text { No } & \text { No } \end{array}$
A)Option A
B)Option B
C)Option C
D)Option D

Quizplus · Accepted Answer

According to auditing standards, the audit report of a public company must be addressed to the board of directors and the shareholders as they are the primary users of the financial statements. Therefore, option A is the correct choice as it addresses both the board of directors and shareholders. Option B is incorrect as it does not address the shareholders. Option C is also incorrect as it does not address the board of directors. Option D is incorrect as the audit report cannot be unaddressed.

Ordinarily,a Public Company Audit Report Must Be Addressed To A)Option a B)Option B C)Option C D)Option D

Ordinarily,a Public Company Audit Report Must Be Addressed To A)Option a
B)Option B
C)Option C
D)Option D