The Chairmans Report of Pudding plc states that investment property rental forms a major part of revenue.
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The Chairman’s Report of Pudding plc states that investment property rental forms a major part of revenue. However, a note to the financial statements shows that property rental represents only 1•6% of total revenue for the year. The audit senior is satisfied that the revenue figures are correct. The audit senior has noted that an unmodified audit report should be given as the audit opinion does not extend to the other reports.
Is the audit senior correct?
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The audit opinion states whether the financial statements Are presented fairly in all material respe...View the full answer
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