$3.$ Materiality

As a senior auditor, you calculated the materiality of the financial statements of Speedster to be

R$3400000.$ The audit team documented that the revenue account balance was overstated

by R$1700000$ and that the total of all other misstatements amounted to R$1800000.$ Despite

these findings, management refused to correct any of the identified misstatements. Refer to $$Materiality$.$

Based on the misstatements identified, discuss the type of audit opinion the

engagement partner will issue for the audit of the financial statements of

Speedster for the year ending $30$ June $2024.$