If a U$.$S$.$ auditor is reporting on financial statements of a nonissuer prepared in accordance with a financial reporting framework generally accepted in another country and intended for use only outside the U$.$S$.,$ then the auditor

Is required to use a U$.$S$.$ form of report stating that the financial statements being reported on have been prepared in accordance with the financial reporting framework accepted in another country.

Is required to use the report form and content of the other country provided that, in similar circumstances, such a report would be issued by auditors in that country.

Must issue both a report in the form and content of the other country and a modified U$.$S$.$ form of report stating that the financial statements are not prepared in accordance with U$.$S$.$ GAAS.

Should report using either a U$.$S$.$ form of report or the report form and content of the other country as long as the requirements for that report have been met.