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El 23 de septiembre de 2024, Betsy Ross realiza el borrador de la auditoria de los estados financieros de la Corporacin Continental (Continental Corporation's) quien no es un emisor de acciones. No obstante, el reporte tiene unos deficiencias. Es tu Responsabilidad como auditor identificar las deficiencias del reporte preparada por la CPA Betsy Ross. Una vez identifiques los errores debes realizar el reporte de una forma eficiente y efectiva. Valor 50 puntos. To Whom It May Concern: Report on the Audit of the Financlal Statements Opinion We have audited the accompanying financial statements of Continental Corporation, which comprise the balance sheet as of July 31, 2024, and the related statements of income and changes in shareholders' equity for the year then ended, and the related notes to the financlal statements. In our opinion, with the explanation given below and with the exception of some minor errors we consider immaterial, the accompanying financial statements present the financial position of Continental Corporation as of July 31, 2024, and the results of its operations and its cash flows for the year then ended in accordance with pronouncements of the Financial Accounting Standards Board. Basis for Opinion In accordance with instructions by Continental's management, we have conducted a complete audit. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financlal Statements section of our report. We are required to be independent of Continental Corporation and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Emphasis of Matter In many respects, this was an unusual year for Continental Corporation. The weakening of the economy in the early part of the year and the strike of plant employees in the summer led to a decline in sales and net income. After making several tests of the sales records, nothing came to our attention that would indicate sales have not been properly