The first paragraph of the combined audit report on financial statements and internal controls:
A)describes how the audit was performed in accordance with U.S. GAAP and auditing standards.
B)identifies the company and financial statements audited.
C)describes inherent limitations in a system of internal controls.
D)describes a system of internal controls.

Question

Quizplus · Accepted Answer

The first paragraph of the combined audit report typically identifies the company and the financial statements that were audited.

The First Paragraph of the Combined Audit Report on Financial