Consider the result of the audit of the accounts of company 5, SA, with reference to the economic period Ne whose balance sheet date is 31.Dec.2022:

1- The Investments in progress - Tangible fixed assets account shows a balance of 1,950,000 euros related to the acquisition and installation of new production equipment in full operation since 01/September/2021. It was not possible to determine the level of use of this machine during production time in 2021 and 2022. No basis for determining residual value was found. The entity did not register any depreciation.

2- Goods that form part of the entity's assets at the balance sheet date, in the amount of 300,0000 euros, were completely destroyed in a fire that occurred in early January 2023, with the entity including this information in the Annex.

a) Identify the assertion(s) in question and the impact of distortions on the company's equity at the date of balance sheet (31.Dec.22).

b) Write the Legal Certification of Accounts of the entity, considering:

-The situations identified are considered material;

-The entity is not classified as an EIP, nor is it a small or micro entity;

-The balance sheet value, with reference to 31.Dec 2022, is 4,930,000 euros.

Attachment Explain the Valuation Assertion and its impact on the balance sheet, for number 1.