1. As the senior auditor assigned to the audit of Mayberry Company’s financial statement for the year-ended 31 December 2020. You are reviewing the financial statements and observed that the current revenue reported amounted to US$ 18m and US$ 17m for the previous year. The financial report contains the following sections:
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3. Chairman’s statement in which the chairman has commented that he is pleased to report an increase in revenue of 20% this year.
4. CEO’s review
5. Corporate Social Responsibility Report
6. Operating review
7. Financial Statements
8. Notes to the Financial Statements
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10. Required:
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12. What is the significance of the Chairman’s statement in the financial statements?
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14. Identify the sections that would be included in ‘other information’ in the auditor’s report.
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16. Describe the implications(s) of the section ‘other information in the auditor’s report as it relates to Mayberry Company.
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18. Why should the auditor refer to the Chairman’s statement in the auditor’s report?
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20. Differentiate between the FOUR (4) types of audit opinions. 
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22. Explain TWO (2) reasons why the auditors would give a qualified audit opinion.