2)

Auditing standards require that an audit report be issued whenever a public accounting firm:

A)

is associated with financial reports.

B)

does ASIC-regulated work.

C)

performs an audit.

D)

is engaged to perform any services of any nature.

3)

A public accounting firm is associated with the financial report of its client:

A)

only when it does a financial audit.

B)

even if the firm only assists a client in preparing the financial report but does not do an audit.

C)

only when it does attestation services, such as a review or an audit.

D)

if it performs any services at all for the client.

4)

An audit report is appropriate:

A)

whenever a public accounting firm assists a client in preparing financial reports.

B)

only when an audit is conducted.

C)

whenever a public accounting firm is associated with financial reports.

D)

none of the above

.