Final answer:
The international audit report may indeed be signed with the name of the auditor, the firm, or both; this is true. The signing practice varies by location but is in line with international auditing standards which provide this flexibility to demonstrate who is responsible for the audit.
Step-by-step explanation:
The statement that the international audit report may be signed using the name of the auditor, the firm, or both is indeed true. In the context of audit practices, internationally recognized standards like those from the International Auditing and Assurance Standards Board (IAASB) provide principles and guidance for auditing financial statements and other areas. These standards typically allow flexibility in terms of the audit report's signature.
The way an audit report is signed can vary depending on the jurisdiction and regulations that apply to the audit engagement. However, most jurisdictions allow for either the name of the individual auditor, the audit firm's name, or the combination of both to be used to sign off on the report. The purpose of the signature is to demonstrate the report's authoritativeness and to identify the party or parties taking responsibility for the contents of the audit report. Using both the auditor's name and the firm's name can increase the credibility of the report, as it indicates that both the professional individual and the supportive entity stand behind the audit findings. Nonetheless, auditors and firms must always comply with the legal and professional requirements that apply in the country where the audit is performed.