A public company's audit report must be addressed to the board of directors and the
A)Audit committee.
B)Company itself.
C)President.
D)Shareholders.

Question

Quizplus · Accepted Answer

A public company's audit report must be addressed to the board of directors and the shareholders. The shareholders are the ultimate owners of the company, and the audit report is meant to provide them with an independent assessment of the company's financial performance and position. The audit committee and company president may receive copies of the audit report, but they are not the primary recipients.

A Public Company's Audit Report Must Be Addressed to the Board