The paragraph in a typical audit report that identifies the audited financial statements as well as the company being audited is:

Question

Quizplus · Accepted Answer

The first paragraph of an audit report typically identifies the audited financial statements and the company being audited. It sets the tone for the report and provides important context for the reader. The other options are not correct as the second paragraph usually includes the auditor's responsibilities, the third paragraph includes management's responsibilities, and the footnotes provide additional information and disclosures related to the audit.

The Paragraph in a Typical Audit Report That Identifies the Audited