Which of the following statements is correct about the identification of CAMs in the report on ICFR?a. Auditors of public companies are not required to identify or discuss CAMs in any audit report on ICFRb. Auditors of public companies are required to identify and discuss CAMs in unqualified reports on ICFRc. Auditors of public companies are required to identify and discuss CAMs in adverse reports on ICFRd. Auditors of public companies are required to identify and discuss CAMs in all audit reports on ICFR24. Which of the following statements most accurately describe(s) the types of audit reports that auditors typically issue for public companies?a. a. Reports on financial statements and on ICERb. b. Reports on financial statements and on ICER, and attorney lettersc. c. Letters on compliance with debt covenants - comfort lettersd. d. A & C25. Under which of the following circumstances is the auditor most likely to issue an unqualified opinion with an explanatory paragraph?a. a. A material, but not pervasive, misstatement is present in theb. b. A material, but not pervasive, departure from GAAP is present in the financial statementsc. c. There are no scope restrictions or departuresfile for bankruptcy in lessd. d. Auditors experienced a scope restriction thatthe ICFR?26. Which of the following audit opinions may not be issued by the auditor ona. a. Qualified Opinionb. b. Adverse Opinionc. c. Disclaimerd. d. Unqualified Opinion27. Which of the following statements is(are) correct about the reporting options available to an auditor of a public company client?a. a. The auditor can deliver two separate reports to the company's Board of Directors-one on the FS and one on the ICERb. b. The auditor can deliver one combined report to the company's Board of Directors- combining the reports on the ES and on the ICERC. C.Both A & Bd. d. None of the above