For public companies in the U.S. ,the audited financial statements will include which of the following reports?

Question

Quizplus · Accepted Answer

Audited financial statements of public companies in the U.S. will include a report (option C) that states whether the financial statements are materially misstated and a report (option D) that provides the auditor's opinion on the effectiveness of internal control over financial reporting. Option A is incorrect because while public companies are required to provide a management report on the effectiveness of internal control over financial reporting, it is not included in the audited financial statements. Option B is also incorrect as it is not a required report in audited financial statements. Option E is not entirely accurate as the report actually states whether the financial statements are free from material misstatement in all material respects, rather than simply accurately stated. Option F is incorrect as only options C and D are included in the audited financial statements of public companies in the U.S.

For Public Companies in the U