• You've concluded all your audit procedures on an insurance company and are ready to turn the job over for review after you write the report. In writing the report, you have to consider the few issues you identified during the audit that affect the report:A GAAP departure
• A going concern issue
• A very large estimate (80% of total assets)
• State-mandated supplementary schedules
• A significant subsequent event- a major casualty in the area served by the company.
• Furthermore, the audit report must contain some state-mandated language. You know your manager. It is best if you compose a file memo discussing the issues you considered in writing your report and how you responded. Please write that memo. Post your response to the topic that has been set up on the Discussion Board