Audit reports

Everest Ltd received a ​ (a)   audit report .

• unqualified
• qualified 
• unqualified 
• disclaimer 

Give one reason why the Companies Act requires public companies to be audited by an independent auditor ?

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Give a reason on what type of audit report this is ?

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Newspaper reports have indicated that Kego and Murray Associates have been found guilty of misconduct in terms of audit work done at several large firms. Explain how this may influence shareholders of Everest Ltd. State TWO points

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Name one party other than the shareholders that will be interested in the audit opinion and give a reason for your answer ?

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What type of report did VOVO LTD receive ? explain

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How would the audit report affect the shares of VOVO LTD on the Johannesburg stock exchange (JSE) ?

Mention two points

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