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There is a material misstatement of inventory...
Okay, I see...
Jasmine has corrected the FR...
Audit Opinion ?
I see, we will form an unqualified opinion...
There is no other material errors...
Internal Quality Control System OpinionBasis for OpinionKey Audit Matters
Report on the Audit of the FR
Cora tells Jasmine that there is a material misstatement in the computer inventory records in their 2022 Financial Report. The valuation of this batch of inventory should be revised. After discussion and negotiation, Jasmine agreed to correct this misstatement.
The audit report is complete.
Thank you very much.
After confirming that there is no other material misstatements in Banana Electronics Company's financial statements, the audit team meet and form an audit report of unqualified audit opinion.
END
Under LUZY's Internal Quality Control System, the audit report is reviewed by Cora, to ensure that it complies with audit standards and that there is sufficient and appropriate evidence to support the audit opinion.
LUZY sends the audit report to Banana Electronics Company and successfully complete the audit.
End

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