An audit report prepared by Garrett and Brown,CPAs,is provided below.The audit for the year ended December 31,2016 was completed on March 1,2017,and the report was issued to Javlin Corporation,a private company,on March 13,2017.List any deficiencies in this report.Do not rewrite the report.
We have examined the accompanying financial statements of Dalton Corporation as of December 31,2016.These financial statements are the responsibility of the company's management.
Management's Responsibility for the Financial Statements:
Management is responsible for the preparation and fair presentation of the financial statements in accordance with generally accepted auditing standards;this includes the design,implementation,and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from all misstatement,whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to give an opinion on these financial statements based on our audit.We conducted our audit in accordance with auditing standards generally accepted throughout the world.Those standards require that we plan and perform the audit to obtain absolute assurance about whether the financial statements are free of misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.The procedures selected depend on management's judgment,including the assessment of the risks of material misstatement of the income statement,whether due to fraud or error.In making those risk assessments,the auditor considers internal control relevant to the auditor's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control.An audit also includes evaluating the appropriateness of accounting policies and the accuracy of accounting estimates made by management,as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion,the financial statements referred to above present accurately the financial position of Javlin Corporation as of December 31,2016,in conformity with accounting principles generally accepted in the United States of America.
Garrett and Brown,CPAs
March,2017

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The Answer of An audit report prepared by Garrett and Brown,CPAs,is provided below.The audit for the year ended December 31,2016 was completed on March 1,2017,and the report was issued to Javlin Corporation,a private company,on March 13,2017.List any deficiencies in this report.Do not rewrite the report.
We have examined the accompanying financial statements of Dalton Corporation as of December 31,2016.These financial statements are the responsibility of the company's management.
Management's Responsibility for the Financial Statements:
Management is responsible for the preparation and fair presentation of the financial statements in accordance with generally accepted auditing standards;this includes the design,implementation,and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from all misstatement,whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to give an opinion on these financial statements based on our audit.We conducted our audit in accordance with auditing standards generally accepted throughout the world.Those standards require that we plan and perform the audit to obtain absolute assurance about whether the financial statements are free of misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.The procedures selected depend on management's judgment,including the assessment of the risks of material misstatement of the income statement,whether due to fraud or error.In making those risk assessments,the auditor considers internal control relevant to the auditor's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control.An audit also includes evaluating the appropriateness of accounting policies and the accuracy of accounting estimates made by management,as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion,the financial statements referred to above present accurately the financial position of Javlin Corporation as of December 31,2016,in conformity with accounting principles generally accepted in the United States of America.
Garrett and Brown,CPAs
March,2017

An Audit Report Prepared by Garrett and Brown,CPAs,is Provided Below