Which of the following is NOT one of the three primary financial statements?

The audit report is not classified as one of the three primary financial statements. The primary financial statements are designed to provide vital information about a company's financial performance and position. These statements include the balance sheet, which reveals the company's financial position at a specific point in time by detailing assets, liabilities, and shareholders' equity. The income statement, also known as the profit and loss statement, summarizes revenues and expenses over a particular period, indicating how much profit or loss the company has generated. Finally, the cash flow statement tracks the flow of cash in and out of the business, reflecting operational, investing, and financing activities.

An audit report, on the other hand, is an independent assessment of the financial statements conducted by an external auditor. It evaluates the accuracy and compliance of the financial statements with accounting standards and regulations but does not serve as a financial statement itself. This distinction is essential for understanding the components of financial reporting.