Summer: Its financial statements fairly represent the? company’s financial position and? performance, but the audit team disagreed with? management’s use of a particular estimate.•?Autumn: Its financial statements are wrought with? errors, as the accountant has completely messed up the translation of various foreign currencies in numerous accounts. As a? result, the Balance? Sheet, whilst still? balanced, is not a faithful representation of the economic phenomenon during the financial period.•?Winter: The accountant was not able to explain numerous discrepancies. One of the major problems was that the? receivable, inventory, and payable control accounts do not tally with their respective? sub-ledger, making it impossible to audit.•?Spring: The audit highlighted a number of immaterial differences in the calculation of depreciation for the year.