MEDLink System Inc. $($MEDLink$)$ is a privately held company specializing in customized medical software to manage patient records for the medical offices, medical laboratories and hospitals across Canada. MEDLink users are healthcare administrators and professionals $($lab technicians, nurses and doctors$)$ across Canada. The company has been operating from its headquarters in the Lower Mainland of BC since Jan $1,2018.$ The companys fiscal year end is December $31.$ For the first time since its inception, an external auditor had been appointed to conduct an audit prior to issuing the financial statements planned for April $15,2022.$

As consultants$/$ausitors for capital, based on the information provided in the case, you will be required to list the key issues.