I believe that Bill made came to the conclusion that “presented fairly, in all material respects, in conformity with generally accepted accounting principles.” If I was Bill, I would first ask myself whether I following all the audit procedures during the period. If I did follow all the procedures and I found no or only a few immaterial errors with Marcelle’s inventory account, I would come up with the same conclusion in the inventory memo. Furthermore, Bill and a few other auditors spent 900 hours of testing on Marcelle’s inventory account and the observation of eight inventory sites; I believe that if there are errors or fraud, they should have realized it