PCAOB Auditing Standard No$.5,"$An Audit of Internal Control Over Financial Reporting Performed in Conjunction With an Audit of Financial Statements," requires the auditor that audits an issuer's financial statements to report on:$$

Question $24$ options:

The effectiveness and efficiency of internal control over financial reporting.

Management's assessment of the effectiveness of internal control over financial reporting.

Both of the above.

None of the above