Which Statement About Internal Controls Is FALSE

Multiple Choice

Which statement about internal controls is FALSE?

A) Public companies must issue a report on internal control.
B) Outside auditors must evaluate and report on the soundness of a company's internal controls.
C) The Public Company Accounting Oversight Board oversees the audits of public companies.
D) Because reports on internal control are issued with the financial statements, an accounting firm may both audit a public client and provide certain consulting services for the same client.