Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During the audit of the annual financial statements of Amis Manufacturing Incorporated, the company's president, Vance Molar, and the engagement partner, Wanda Dweebins, reviewed matters
During the audit of the annual financial statements of Amis Manufacturing Incorporated, the company's president, Vance Molar, and the engagement partner, Wanda Dweebins, reviewed matters that were supposed to be included in written representations. Amis Manufacturing is a nonissuer. Upon receipt of the following representations, Dweebins contacted Molar to state that they were incomplete. To John & Wayne, CPAs: In connection with your examination of the balance sheet of Amis Manufacturing Incorporated, as of December 31, 2023, and the related statements of income, retained earnings, and cash flows for the year then ended, for the purpose of expressing an opinion on whether the financial statements present fairly the financial position, results of operations, and cash flows of Amis Manufacturing Incorporated, in conformity with generally accepted accounting principles, we confirm, to the best of our knowledge and belief, the following representations made to you during your audit. There were no Plans or intentions that could materially affect the carrying value or classification of assets or liabilities. Communications from regulatory agencies concerning noncompliance with, or deficiencies in, financial reporting practices. Agreements to repurchase assets previously sold. Violations or possible violations of laws or regulations whose effects should be considered for disclosure in the financial statements or as a basis for recording a contingent liability. Unasserted claims
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started