We should have a meeting with Mia to discuss this situation.
Will Mia correct this error?
Mia, I am sorry that due to the impact of COVID-19, my team and I cannot go to your company for a meeting.
It's okay, I understand your difficulty.
Mia, do you agree to correct the errors in the inventory account?
I agree to the modification, and I will give you the new result after the modification.
The auditor team discussed and concluded that due to errors in the inventory account, a material misstatement would be generated. This result needs to be reflected with the management of G Food Co., Ltd.
There is no problem with the inventory account.
Due to the impact of COVID-19, the two parties decided not to use face-to-face meetings, and chose to hold meetings through zoom meeting.
The error of the inventory account has been corrected. The audit opinion will be an unqualified opinion.
Since material misstatements were found in the audit process, the audit team had a meeting with the company's management and required the manager to correct the errors in the inventory account.
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The auditor team received the revised annual report from G Food Co., Ltd, and the inventory account no longer has problems. This account is fairly stated.
We can give an audit opinion.
We received a new annual report.
The auditor team finally gave an unqualified opinion on the audit report.