hello! can anyone help with this two auditing assignments? thanks.

Part II The following is a portion of an adverse audit report issued for a public company. (Note: A separate report was issued on the effectiveness of internal control over financial reporting.) Independent Auditor's Report To the shareholders of A Corporation We have audited the accompanying balance sheet of A Corporation as of December 31, 2016, and the related statements of income, retained earnings, and cash flows for the year then ended. These financial statements are the responsibility of the company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. The company has excluded from property and debt in the accompanying balance sheet certain lease obligations that, in our opinion, should be capitalized in order to conform with generally accepted accounting principles. If these lease obligations were capitalized, property would be increased by $25,500,000, longterm debt by $26,000,000, and retained earnings by $2,300,000 as of December 31, 2016, and net income and earnings per share would be increased by $2,300,000 and $1.25, respectively, for the year then ended. Required: Complete the above adverse audit report by preparing the opinion paragraph. Do not date or sign the A. B. C. D. E. F. G. report. Assume you are the partner in charge of the 2016 audit of A Corporation, a private company. The audit report has not yet been prepared. In each independent situation following (15), indicate the appropriate action (ag) to be taken. The possible actions are as follows: Issue a standard unqualified report. Qualify both the scope and opinion paragraphs. Qualify the opinion paragraph. Issue an unqualified opinion with an explanatory paragraph. Issue an unqualified opinion with modified wording (no explanatory paragraph). Issue an adverse opinion. Disclaim an opinion. The situations are as follows: ________ 1. The Corporation carries its property, plant, and equipment accounts at current market values. Current market values exceed historical cost by a highly material amount, and the effects are pervasive throughout the financial statements. ________ 2. You were unable to confirm accounts receivable with the Corporation's customers. However, because of detailed sales and cash receipts records, you were able to perform reliable alternative audit procedures. ________ 3. You relied upon another CPA firm to perform part of the audit. Although you were the principal auditor, the other firm audited a material portion of the financial statements. You wish to refer to (but not name) the other firm in your report. ________ 4. You have substantial doubt about the Corporation's ability to continue as a going concern. ________ 5. Ten days after the balance sheet date, one of the Corporation's buildings was destroyed by a fire. The Corporation refuses to disclose this information in a footnote to the financial statements, but you believe disclosure is required to conform with GAAP. The amount of the uninsured loss was material, but not highly material. 1 Part A. Match five of the terms (a-o) with the descriptions/definitions provided below (1-7): a. Agreed-upon procedures engagement b. Attestation engagement c. Compilation service d. Economy and efficiency audit e. Effectiveness f. Efficiency g. Government Auditing Standards h. Government audit i. Institute of Internal Auditors j. Operational auditing k. Public company interim review l. Review m. Review Service n. Review Service Committee o. Statements on Standards for Accounting and Review Services ___ 1. The standards for compilations and reviews of financial statements. ___ 2. Accountants prepare financial statements and present them to a client without providing any CPA assurance about those statements. ___ 3. The CPA's report is presented in the form of a negative assurance. ___ 4. type of assurance service in which the CPA firm issues a report about the reliability of subject matter or of assertion that is the responsibility of another party. ___ 5. Govern the CPA's association with unaudited financial statements of nonpublic companies ___ 6. An attestation engagement that results in a negative assurance as to the CPA's awareness of any information indicating that the assertions are not presented in conformity with the applicable criteria. 7. A review of unaudited financial statements designed to provide limited assurance that no material modifications need be made to the statements for them to be in conformity with generally accepted accounting principles or, if applicable with another comprehensive basis of accounting 1 Part B The following are auditor judgments and attributes sampling results for five populations. Assume large population sizes. Requirements: 1. For each population, did the auditor select a smaller or larger sample size than is indicated by the using the attaching attributes sample tables for determine sample size? Calculate the Sample Exception Rate (SER). 2. For which of the five populations should the sample results be considered unacceptable 3. What options are available to the auditor. 4. Why is analysis of the exceptions necessary even when the populations are considered acceptable? 2. Part A. An auditor is determining the appropriate sample size for testing inventory valuation using MUS. The population has 3,000 inventory items valued as $13,333,333. The tolerable misstatement for both understatements and overstatement is $400,000 at a 5% ARIA. No misstatements are expected to the population. Calculate the preliminary sample size using a 100% average misstatement assumption and the table on the following page. Part B. Assume the sample of 100 was obtained in sampling the inventory in Part A. Assume that the following four misstatements were found: Calculate adjusted misstatement bounds for the population. Draw audit conclusions based on the results. The CEUR per misstatement is listed below