The first part is a summary written to the Senior Audit partner, which summarizes the work you have done, the tests you performed, and your findings. This is for the Home Depot. Assume you have completed all testing as planned. Choose three different items to note on the report that the findings were not as expected and detail what you did to resolve the issue

As Reported Annual Income Statement

Report Date 01/29/2017 01/31/2016 02/01/2015

Currency USD USD USD

Audit Status Not Qualified Not Qualified Not Qualified

Consolidated Yes Yes Yes

Scale Thousands Thousands Thousands

Net sales 94595000 88519000 83176000

Cost of sales 62282000 58254000 54222000

Gross profit 32313000 30265000 28954000

Selling, general & administrative expenses 17132000 16801000 16834000

Depreciation & amortization expense 1754000 1690000 1651000

Total operating expenses 18886000 18491000 18485000

Operating income 13427000 11774000 10469000

Interest & investment income 36000 166000 337000

Interest expense 972000 919000 830000

Interest & other income (expense), net -936000 -753000 -493000

Earnings before provision for income taxes - United States 11568000 10207000 9217000

Earnings before provision for income taxes - foreign 923000 814000 759000

Earnings before provision for income taxes 12491000 11021000 9976000

Current provision (benefit) for income taxes - federal 3870000 3228000 2884000

Current provision (benefit) for income taxes - state 462000 466000 373000

Current provision (benefit) for income taxes - foreign 315000 296000 258000

Total current provision (benefit) for income taxes 4647000 3990000 3515000

Deferred provision (benefit) for income taxes - federal -102000 21000 127000

Deferred provision (benefit) for income taxes - state 13000 10000 -11000

Deferred provision (benefit) for income taxes - foreign -24000 -9000 -

Total deferred provision (benefit) for income taxes -113000 22000 116000

Provision (benefit) for income taxes 4534000 4012000 3631000

Net earnings 7957000 7009000 6345000

Weighted average shares outstanding - basic 1229000 1277000 1338000

Weighted average shares outstanding - diluted 1234000 1283000 1346000

Year end shares outstanding 1203000 1252000 1307000

Net earnings (loss) per share - basic 6.47 5.49 4.74

Net earnings (loss) per share - diluted 6.45 5.46 4.71

Dividends per common share 2.76 2.36 1.88

Total number of employees 406000 385000 371000

Number of common stockholders 119000 126000 132000

Number of beneficiary stockholders 1633000 1477000 1316000

Foreign currency translation adjustments -3000 -412000 -