The report that is specifically designed to provide an assessment of the credibility and reliability of the financial statements a company issues for external use, is the:
A) trustee statement.
B) audit report.
C) director's statement.
D) director's report.

Question

Quizplus · Accepted Answer

An audit report is specifically designed to provide an assessment of the credibility and reliability of the financial statements a company issues for external use. Trustees may make a statement about the company's financial status or activities, and directors may issue reports on the company's performance or goals, but these do not provide the same level of assessment as an audit report.

The Report That Is Specifically Designed to Provide an Assessment