Question 3 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. We have examined the accompanying financial statements of Dalton Corporation as of December 31, 2019. These financial statements are the responsibility of the company's management. Our responsibility is to express an opinion on these statements based on our audit. We conducted our audit in accordance with generally accepted accounting principles. Those principles require that we plan and perform the audit to provide reasonable assurance about whether the financial statements are free of misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. We believe that our audit provides a reasonable basis for our opinion. In our opinion, except for the effects of not capitalizing certain lease obligations that should be capitalized in order to conform with generally accepted accounting principles, the financial statements referred to above present accurately the financial position of Jacob Corporation as of December 31, 2020, in conformity with international Financial Reporting Standards and comply with the provision of the Jamaican companies Act. Garrett and Brown, CPAs