The following audit report was drafted by a junior staff accountant of Meryll & Meryll, CPAs, at the completion of the audit of Douglas Com- pany's internal control over financial reporting. Douglas is a public com- pany and is thus subject to SEC reporting requirements. The report was submitted to the engagement partner, who reviewed matters thoroughly and properly concluded that there was a material weakness in the client's internal control over financial reporting. Douglas's management agreed and wrote an assessment indicating that the company's internal control ? p-986