Assume that you have just completed the audit of XYZ Corporationand you are the

Assume that you have just completed the audit of XYZ Corporationand you are the lead auditor on the assignment. As the lead auditorit is your job to write and prepare the audit report that will bepresented to the corporations CFO Controller and Internal AuditManager. Your audit has found 5 items that need to be explained indetail to these officers and included in your report. They arematerial in nature and will require an adjusting entry so you needto have them accept your findings and you need to fully explainyour findings to them. For descriptive purposes you do not need toinclude the journal entries in your findings but assume that theamounts are somewhere between $5000000 and $30000000 each. Youdecide which amount fits each finding.