In the Paragraph Below, There Are Three Errors in the Basis

question 27

Essay

In the paragraph below, there are three errors in the basis for opinion paragraph of the unqualified opinion on the effectiveness of ICFR for public companies.Rewrite the paragraph to correct the errors.
Basis for Opinion
The auditor is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management's Report on Internal Control over Financial Reporting.Our responsibility is to express a certification on the Company's internal control over financial reporting based on our audit.We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S.federal securities laws and the applicable rules and regulations of the AICPA.

Grasp how reward systems and employee skills can act as substitutes for leadership styles.

Understand the impact of leadership on organizational change and the role of trust, as well as the influence of cultural and perceptual differences on leadership effectiveness.

Understand the characteristics and competencies of effective leaders.

Identify and differentiate between various leadership perspectives and theories.

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Definitions:

Supply

The total amount of a good or service available for purchase by consumers at a given price level and time.

Equilibrium Quantity

The quantity of a good or service at which the quantity demanded equals the quantity supplied at the market price.

Demand

The consumer's desire and willingness to pay for a product or service at a specific price.

Supply

The total amount of a good or service that is available for purchase at any given price point.