Which of the Following Statements Is Not Correct

Multiple Choice

Which of the following statements is not correct?

A) The auditor is required to read other information accompanying the financial report to ensure that there are no inconsistencies.
B) The auditor may provide advice on accounting matters but the financial report and related disclosures are the entity's responsibility.
C) Towards the end of the audit the auditor should examine all related-party transactions.
D) Engagement quality control reviews are only required of the financial reports of public companies.