An auditor is preparing a report on compliance with aspects of a contractual agreement (e.g., debt covenants) in connection with the audit of financial statements. Which of the following is a requirement for this report?

The report must be distributed to the general public.

The auditor must have audited the financial statements and expressed an unmodified or qualified opinion.

The auditor provides positive assurance on compliance.

The report can be issued even if the auditor disclaimed an opinion on the financial statements.