The auditors' report below was drafted by Moore, a staff accountant of Tyler \& Tyler, CPAs, at the completion of the audit of the financial statements of Park Publishing Co., Inc., for the year ended September 30, 19X2. The report was submitted to the engagement partner who reviewed the audit working papers and properly concluded that an unqualified opinion should be issued. In drafting the report, Moore considered the following:

- During fiscal year 19X2, Park changed its depreciation method. The engagement partner concurred with this change in accounting principle and its justification and Moore included an explanatory paragraph in the auditors' report.

- The financial statements for the year ended September 30, 19X1, are to be presented for comparative purposes. Tyler \& Tyler previously audited these statements and expressed an unqualified opinion.

{Independent Auditors' Report}

To the Board of Directors of Park Publishing Co., Inc.:

We have audited the accompanying balance sheets of Park Publishing Co., Inc. as of September 30, 19X2, and 19X1, and the related statements of income and cash flows for the years then ended. These financial statements are the responsibility of the company's management. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are fairly presented. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a basis for determining whether any material modifications should be made to the accompanying financial statements.

As discussed in Note A to the financial statements, the company changed its method of computing depreciation in fiscal 19X2.

In our opinion, except for the accounting change, with which we concur, the financial statements referred to above present fairly, in all material respects, the financial position of Park Publishing Co., Inc. as of September 30, 19X2, and the results of its operations and its cash flows for the year then ended in conformity with generally accepted accounting principles.

Tyler \& Tyler, CPAs November \(5,19 \times 2\)

Required:

Identify the deficiencies in the auditors' report as 'drafted by Moore. Group the deficiencies by paragraph and in the order in which the deficiencies appear. Do not redraft the report.