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Accounting Paper 1, November 2024, question 4.2

Accounting P1 · Ethics audit and governance
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Extract from the independent auditor’s report of Rand Valley Ltd for the year ended 28 February 2025: Audit opinion: In our opinion, the financial statements fairly present the financial position of the company as at 28 February 2025, in all material respects. Basis for opinion: The audit evidence we obtained is enough and suitable to support our opinion. We found no errors or irregularities.
4.22 marks
Rand Valley Ltd received a/an (qualified / unqualified / disclaimer of opinion) audit report. Write down the correct word and explain your choice.

NSCBased on Nov 2024 · Paper 1 · Q4.2

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What examiners found

Some candidates took a qualified audit report to be a clean one.

In our words. Source: Department of Basic Education, NSC 2024 Diagnostic Report, Part 1 (Book 1), Q4.2.

Updated