Question
MNO, CPAs, is auditing a French company that engages in significant financial transactions in the US. MNO is trying to determine what type of audit
MNO, CPAs, is auditing a French company that engages in significant financial transactions in the US. MNO is trying to determine what type of audit report to issue a standard auditors report used in the US, or the report commonly used by auditors in France. The report is expected to be used only in the US. What choices does MNO have in terms of reporting? (a) Only the US form of a report. (b) Either (1) the report form and content used in France or (2) the United States form of a report. The French form of a report if MNO has complied with the reporting standards of France and identifies France in the report. c) None of the above.
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