Marsha, CPA, has completed the audit of the financial statements of Birkin Corporation as of and for the year ended December $31,2019.$ Marsha also audited and reported on the Birkin financial statements for the prior year. Maha drafted the following report for $2019."$We have audited the balance sheet and statements of income and retained earnings of Birkin Corporation as of December $31,2019.$ In our opinion, the financial statements referred to above present fairly the financial position of Birkin Corporation as of December $31,2019,$ and the results of its operations for the year then ended in conformity with generally accepted auditing standards, applied on a basis consistent with those of the preceding year. We conducted our audit in accordance with generally accepted accounting standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of misstatement. We believe that our audits provide a reasonable basis for our opinion."Marsha, CPA $($Signed$)$Required:a$.$ Explain the deficiencies in Marsha report as drafted.b$.$ Rewrite the audit report.