Discuss the concept and impact of Reportable Irregularities $($RI$)$ on the audit opinion.

REQUIRED:

Research RI and their impact on the audit opinion.

Based on this research, compile a report that entails the following:

$$ Explain what RI is in terms of Section $45$ and Section $29$ of the Auditing

Profession Act.

$$ Discuss the auditor$$s responsibility when a potential irregularity is discovered.

$$ Discuss the duty to report an RI for Auditors and Independent Reviewers and the

impact of the RI on the audit report