Whenever an auditor issues an audit report for a public company, the auditor can choose to issue a report in which of the following forms?
I. A combined report on financial statements and internal control over financial reporting
II. Separate reports on financial statements and internal control over financial reporting
A) I only
B) II only
C) either I or II
D) neither I nor II

Question

Quizplus · Accepted Answer

The auditor can choose to issue either a combined report on financial statements and internal control over financial reporting, or separate reports on financial statements and internal control over financial reporting. It is up to the auditor's discretion to decide which option to choose based on their findings during the audit.

Whenever an Auditor Issues an Audit Report for a Public