The partner in charge of the audit of Weishar Inc. began to draft the audit report for the year ended June 30, 19X2. She completed the first paragraph, which is shown below, before being called to another client.

{Independent Auditors' Report}

To the stockholders and board of directors of Weishar, Inc.:

We have audited the consolidated balance sheet of Weishar, Inc. as of June 30, 19X2 and the related consolidated statements of income, retained earnings, and cash flows for the year then ended. These financial statements are the responsibility of the company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We did not audit the financial statements of Markham Co., a wholly owned subsidiary, which financial statements reflect total assets and revenues constituting 40 and 44 percent, respectively, of the related consolidated totals. Those statements were audited by other auditors whose report, which contained an explanatory paragraph expressing substantial doubt as to the ability of Markham Co. to continue as a going concern, has been furnished to us, and our opinion, insofar as it relates to amounts included for Markham Co., is based solely on the report of the other auditors.

You are aware that Markham Co. constitutes 40 percent of Weishar's total assets. The going concern issue of Markham Co. is disclosed in Note Y of Weishar's financial statements.

Required:

Your assignment is to draft the remaining paragraphs of the auditor's report.