Question $4(25$ Marks$)$ At the conclusion of the audit team of $100$ Ltd$,$ a junior member was requested to make sure that the audit working papers were all properly filed and finalised. What struck him was just how much information$/$ evidence had been gathered on the audit. Having seen all of the evidence together, he really felt that the audit team was in a strong position to certify the financial statements as correct, rather than just stating in the audit report that $$in our opinion, the financial statements present fairly in all material respects...$$ He asked you, as his senior, why, having done all this work, the financial statements had not been certified as correct. $($Source: Adapted from Graded Questions on Auditing $2024)$ You are required to: Explain in detail to your junior, why the financial statements cannot be $$certified as correct$.$ Include in your answer an explanation of the limitations of internal control, and the limitations of an audit.