Subject- Audit SUMMARIZE THE CORE ISSUES for the following topic:- • ISA 805, Special Considerations-Audits of Single Financial Statements and. Specific Elements, Accounts or Items of a Financial Statement

The responsibility for the financial statements rests A. jointly with the auditor and management B. solely with management C. with the internal audit function D. solely with the external auditor

Explain the content of each section of the audit report and describe the types of opinions that an auditor can issue. Evaluate the importance of each section with respect to the users of financial reports.

Three common types of attestation services are:-  A) audits of historical financial statements, reviews of historical financial statements, and audits of internal control over financial reporting.B) audits of historical financial information, verifications of historical financial information, and attestations regarding internal controls. C) reviews of historical financial information, verifications of future financial information, and attestations regarding internal controls.D) audits of historical financial information, reviews of controls related to investments, and verifications of historical financial information

**Objective Question:** Which type of audit primarily focuses on ensuring that an organization complies with relevant laws, regulations, and internal policies? A) External audit B) Tax audit C) Compliance audit D) Forensic audit