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easyMCQCUET Accountancy 2025 16 May Shift 12026CUET Accountancy
1 mark

An Independent Statutory Auditor issues their formal Audit Opinion and Annual Report addressing it directly to the:

  1. A
    Directors
  2. B
    Auditors
  3. C
    Shareholders
  4. D
    Management

Solution & Step-by-step Explanation

Auditors are appointed by and report directly to the owners of the company, i.e., the shareholders (members), ensuring true corporate transparency and evaluating whether the management/directors have prepared financial truths faithfully.

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An Independent Statutory Auditor issues their formal Audit Opinion and Annual Report addressing it directly to the:
A
Directors
B
Auditors
C
Shareholders
D
Management

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Financial StatementsNature/StructureAudit

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