You are the audit senior of Sparrow Ltd (Sparrow) for the year ended 30 June 2020. As is customary in completing your examination, you request that the chief executive officer (CEO) of Sparrow, Michal Theobald, furnish you with a management representation letter. Michael reads the representations that you are requesting that he make, and he refuses to furnish the letter, stating: You are asking me to tell you all kinds of things that I hired you to figure out. For example, you are asking me to say that all known assets of the company at balance date were recorded in the books of account. I paid you to carry out an audit and you should know whether or not thats true yourself. Required: If the client does not accept your explanation and continues to refuse to furnish the letter, what will be the impact on your auditors report?