Question: Assume that scenario (a) in Problem 7- 36 is a material weakness. Prepare a draft of the auditors report for an audit of ICFR. Assume

Assume that scenario (a) in Problem 7- 36 is a material weakness. Prepare a draft of the auditor’s report for an audit of ICFR. Assume that Lorenz’s auditor is issuing a separate report on internal control.

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