The auditor's report should be addressed as required by the circumstances of the engagement, typically to the:
Acompetitors of the entity
Bthe general public at large
Cmembers/shareholders of the entity
Dthe auditor's own firm
Answer & Solution
Correct answer: C. members/shareholders of the entity
The report is typically addressed to the members/shareholders.
Related questions
The primary objective of the auditor under SA 700 is to form an opinion based on an evaluaDetermining Key Audit Matters involves selecting from matters communicated with:An unmodified opinion accompanied by an Emphasis of Matter paragraph still conveys that thThe auditor's report for a company is signed by the auditor mentioning the firm's registraIf the financial statements are materially misstated due to a single matter that is NOT peA qualified opinion is expressed using the phrase in the opinion paragraph:The date of the auditor's report informs the reader that the auditor has considered eventsBefore forming an opinion, the auditor must conclude whether sufficient appropriate audit