Audit Report Deficiencies: Disclaimer of Opinion

Audit Report Deficiencies: Disclaimer of Opinion. Your partner drafted the following auditors’ report yesterday. You need to describe the reporting deficiencies, explain the reasons for them, and discuss with the partner how the report should be corrected. You have decided to prepare a three-column worksheet showing the deficiencies, reasons, and corrections needed. Your partner’s report follows:

Required:

Prepare the three-column worksheet described.

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