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Accounting Paper 1, November 2024, question 4.4

Accounting P1 · Ethics audit and governance
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Extract from the auditor’s report of Karoo Brands Ltd for the year ended 28 February 2025: The auditors state that the annual financial statements give a fair picture of the company’s financial position in all important respects. They also state that the evidence they gathered was enough and suitable to support this conclusion. No concerns were raised.
4.44 marks
Explain what this auditor’s report means for each of the following groups. Give ONE point for each group: the directors and the shareholders.

NSCBased on Nov 2024 · Paper 1 · Q4.4

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What examiners found

Candidates described the roles of the directors and shareholders instead of saying what the audit report chosen earlier means for them.

In our words. Source: Department of Basic Education, NSC 2024 Diagnostic Report, Part 1 (Book 1), Q4.4.

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