Which Statement Is Correct as to Financial Statement Audit Reports

Multiple Choice

Which statement is correct as to financial statement audit reports for public versus private companies?

A) There is a standard report for the audit of public company financial statements and a standard report for the audit of private company financial statements.
B) There is a standard report for the audit of public company financial statements but none for auditing private company financial statements.
C) There is a standard report for the audit of private company financial statements but none for auditing public company financial statements.
D) There is no distinction between standard reports for the audit of financial statements, regardless of whether the company is private or public.