# Accounting Paper 1, November 2024, question 4.2

> Rand Valley Ltd received a/an (qualified / unqualified / disclaimer of opinion)... Marked mark by mark. Q4.2, Accounting Paper 1 November 2024, 2 marks.

Canonical: https://sharpkop.co.za/accounting/2024-nov-p1/q4-2/
Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q4.2. Marks: 2. Not yet checked by a teacher.

## Question 4.2 (2 marks)

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.

Rand Valley Ltd received a/an (qualified / unqualified / disclaimer of opinion) audit report. Write down the correct word and explain your choice.

## Practise it

[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q4-2/) and see it marked mark by mark, with the reason for every lost mark.

## Related

- [More ethics, audit and governance questions](https://sharpkop.co.za/accounting/ethics-audit-governance/)
- [Accounting Paper 1, November 2024](https://sharpkop.co.za/accounting/2024-nov-p1/)
- [Grade 12 Accounting past papers](https://sharpkop.co.za/accounting/)

Questions are based on National Senior Certificate papers set by the Department of Basic Education. Sharpkop is not affiliated with or endorsed by the Department.
