Suzy and Dan are working on the audit of a major publicly traded audit client, and are discussing the audit report that will soon be released. Suzy asks Dan why the audit report is really necessary. Which of the following responses by Dan would be most appropriate? The audit report is necessary because if our firm doesn't issue it, we can still be dragged into lawsuits involving the client. The audit report presents our findings and recommendations and liability indemnification in a formal report. The audit report presents our findings and opinion on the client's financial statements and internal control, and helps delineate responsibility. None of these answer choices are correct