c) The following tentative auditor's report was drafted by an auditor and submitted to the partner of the audit firm Rahman & Co. AUDIT REPORT To the Board of Directors of Dynamic Berhad. We have examined the consolidated statement of financial position of Dynamic Berhad and subsidiaries as at 31 December 2021 and the related consolidated statements of income, retained earnings and cash flows for the years 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 audits. Our audits were made in accordance with approved auditing standards as we considered necessary in the circumstances. Other auditors audited the financial statements of certain subsidiaries and have furnished us with reports thereon containing no exceptions. Our opinion expressed herein, insofar as it relates to the amounts included for those subsidiaries, is based solely upon the reports of the other auditors. As fully discussed in Note 7 to the financial statements, in 2021, the company extended the use of the last-in, first-out (LIFO) method of accounting to include all inventories. In examining inventories, we engaged Dr. Ahmad (Nobel Prize winner 2019) to test check the technical requirements and specifications of certain items of equipment manufactured by the company. In our opinion, the financial statements referred to above present fairly the financial position of Dynamic Berhad as at 31 December 2021 and the results of operations for the years then ended, in conformity with approved accounting standards. To be signed by Ali & Co, CAS 1 April 2022 Continued.... Required: Identify and explain the deficiencies in the auditor's tentative report that constitute departures from the approved accounting and auditing standards. (10 marks)