You are the auditor for a non-public company, A Golden Rule Carpentry. The company has a 12/31

Question:

You are the auditor for a non-public company, “A Golden Rule Carpentry”. The company has a 12/31 fiscal year end. During your audit, you did not identify any material misstatements in the

Required:
(a) Draft the appropriate for the financial statement audit of “A Golden Rule Carpentry”.
(b) What assurances are provided in the when the auditor states that the “present fairly. in conformity with accounting principles generally accepted in the United States of America”?
(c) How is materiality referred to in the and how does it relate to your response to (b)?
(d) How do you think the auditor should respond upon finding a misstatement that he or she believes is material, if the client disagrees? In other words, client management believes the misstatement is not material?

Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...