You are an accountant for the Crestview Financial Services firm. You have been examining financial statements for a client called LMS Manufacturing Corporation. You recently discovered key omissions in the financial statements that significantly misrepresent reports of company revenue and appear to have been done knowingly and deceptively. This is a concern for accuracy and precision and indicates unreliable financial data that could have negative consequences for numerous stakeholders. In this assignment, you will develop the skill of identifying errors in financial documents and determining their potential consequences. Directions Write an email to send to LMS Manufacturing Corporation that explains the issue along with the steps they should take to make the reporting accurate. Specifically, you must address the following rubric criteria: Generate a list of potential misstatements from the financial statements. Establish a threshold of materiality, based on the financial statements, that could be used in analyzing the revenue account. Discuss the impacts that misstatements can have for various stakeholders. Include the following in your response: Potential penalties or consequences for the client, auditors, investors/shareholders, AICPA, or public opinion. Recommend the next steps the client can take to address the misstatements