Auditing - Single vs Combined Report

What are the two types of reports available for auditors?

• Single and Combined

• Internal and External

• Public and Private

• Financial and Non-financial

For which type of companies is it mandatory for auditors to report on internal controls?

• Nonpublic companies

• All companies

• Public issuer companies

• Private companies

What is the main difference between a single report and a combined report?

• A single report is only for public companies

• A single report is more detailed

• A combined report covers both financial statements and internal controls

• A combined report is only for nonpublic companies

Which report type involves separate reports for financial statements and internal controls?

• Issuer report

• Combined report

• Single report

• Public report

What does a combined report include?

• Only financial statements

• Both financial statements and internal controls

• Neither financial statements nor internal controls

• Only internal controls