Auditing and assurance question

You are the auditor of Sika Pa Rural Bank Ltd, a non-listed rural bank in Ghana. You are currently finalizing the audit for the year ended 31 December 2019. Your audit tests have proved satisfactory with the exception of the following four matters: (a) The year-end balance of short-term investments of GHS 12,500,000 includes an amount of GHS 7,000,000 with Gold Coast Securities Ltd which matured on 14th March, 2018 but has not yet been received to the date of the completion of the field audit on 30th April 2020. The directors are of the opinion that they will receive the full amount in the near future but do not know when. During the year 2019, interest of GHS 1,400,000 was calculated on the principal amount of GHS 7,000,000 and taken to income. The following are extracts of the balances before consideration of the outstanding matters: i) Total Property, Plant and Equipment GHS105,234,138 ii) Current Assets GHS 78,516,617 iii) Current Liabilities GHS 96,422,823 (b) Included in the Loans and Advances balance of GHS 18,250,000 carried in the Statement of Financial Position at 31st December 2019 is a total overdraft facility of GHS 13,500,000 The bank's records indicate that out of the GHS 13,500,000 overdraft balance, a total amount of GHS 11,300,000 is unscheduled due to system generated balances over the past six years. This therefore does not represent a valid 1 You are the auditor of Sika Pa Rural Bank Ltd, a non-listed rural bank in Ghana. You are currently finalizing the audit for the year ended 31 December 2019. Your audit tests have proved satisfactory with the exception of the following four matters: (a) The year-end balance of short-term investments of GHS 12,500,000 includes an amount of GHS 7,000,000 with Gold Coast Securities Ltd which matured on 14th March, 2018 but has not yet been received to the date of the completion of the field audit on 30th April 2020. The directors are of the opinion that they will receive the full amount in the near future but do not know when. During the year 2019, interest of GHS 1,400,000 was calculated on the principal amount of GHS 7,000,000 and taken to income. The following are extracts of the balances before consideration of the outstanding matters: i) Total Property, Plant and Equipment GHS105,234,138 ii) Current Assets GHS 78,516,617 iii) Current Liabilities GHS 96,422,823 (b) Included in the Loans and Advances balance of GHS 18,250,000 carried in the Statement of Financial Position at 31st December 2019 is a total overdraft facility of GHS 13,500,000 The bank's records indicate that out of the GHS 13,500,000 overdraft balance, a total amount of GHS 11,300,000 is unscheduled due to system generated balances over the past six years. This therefore does not represent a valid 1