Garret & Brown CPAs has been in business for over twenty years and has served as the auditors for several companies over the years. Garret and Brown's CPAs manage to retain their audit clients through the high-quality work they perform and the issuing of reports that are appropriate. The firm knows audit reports are essential to audit and assurance engagements because they communicate the auditors' findings. However, recently the firm has been experiencing some challenges in the preparation of reports for some of their audit clients. An audit report prepared by Garrett and Brown, CPAs, is provided below. The audit for the year ended December 31, 2019 was completed on March 1, 2020, and the report was issued to Javlin Corporation, a private company, on March 13, 2020.

A. In keeping with a standard unqualified report, highlight the deficiencies in the above report, and make recommendations for how it is to be improved.