Assume that auditors prepare separate reports on the entity's financial statements and internal control over financial reporting.Following are various phrases and characteristics associated with auditors' reports.For each phrase or characteristic,indicate by letter whether the phrase or characteristic is related to the report on the entity's financial statements,report on the entity's internal control over financial reporting,both reports,or neither report.
A. Report on entity's financial statements.
B. Report on internal control over financial reporting.
C. Both reports.
D. Neither report.

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The Answer of Assume that auditors prepare separate reports on the entity's financial statements and internal control over financial reporting.Following are various phrases and characteristics associated with auditors' reports.For each phrase or characteristic,indicate by letter whether the phrase or characteristic is related to the report on the entity's financial statements,report on the entity's internal control over financial reporting,both reports,or neither report.
A. Report on entity's financial statements.
B. Report on internal control over financial reporting.
C. Both reports.
D. Neither report.

Assume That Auditors Prepare Separate Reports on the Entity's Financial