Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please identify the deficiencies in the draft of the report, there are 9 . To of Indwtri I the Audit the Financial Statements We haw
Please identify the deficiencies in the draft of the report, there are
To of Indwtri I the Audit the Financial Statements We haw auditee me Cook Ine 31, 2020, and the the in accordance with auditing standards generny united States (GAAS, those standards described the AVOit or *Lon o' rewt trut h m obt md to a bWs In our opinion acconspanying fairly. in material the Cmk of 3', 2020, aM ot its its casn yw t'. in with galty in the States of Amerke. Basis Adverse As discussed in Note G me staternents. the Com*ny its equipment et and provides depreciation on the basis of such values. the not pmvide Kith to differences between financial intort* and taxable Income the 'Or income tax , memo o' mont tein or Auwt oftt Statts M e to obtain abwt as e whole ue material misstatement. Whether due fraud and to issue our opinion, Reasonable assurance a Ngh but is not assurance and that audit c coduc1eC in with GAAS will always detect e misstetement when it exists The risk of not mitatt from is fm f. fraud may of Me materiel individuay Ot in the they Coutd reasonably be expected to influence the of users made the basis of statenwnts. In an mXit with GAAS. we: report language skepticism. risks of misstatement. internal accounting a nC and are requied to With tt%e Charged with mona Otmt mattes. the and tining the significant audit findings. end certain intemal matters that we dMinq Ndit.
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