Excerpt from https://www.klsescreener.com/v2/announcements/view/3252035 Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Multi-Usage Holdings Berhad ("MUH" or "the Company") wishes to announce that the Company's External Auditors, Messrs. UHY had expressed the following qualified opinion in the Independent Auditors' Report for the financial year ended 30 June 2020. A. QUALIFIED OPINION The details of the qualified opinion as disclosed in the Independent Auditors' Report is reproduced as follows: "We have audited the financial statements of Multi-Usage Holdings Berhad, which comprise the statements of financial position as at 30 June 2020 of the Group and of the Company, and the statements of profit or loss and other comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the Company for the financial year then ended, and notes to the financial statements, including a summary of significant accounting policies, as set out on pages 18 to 1 19. In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 30 June 2020, and of their financial performance and their cash flows for the financial year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. Basis for Qualified Opinion On 24 October 2017, the Auditors' Report on the Financial Statements of the Group and of the Company for the financial period ended 30 June 2017 was issued. The said report contains a qualified opinion by the Company's predecessor auditors, Messrs. Baker Tilly Monteiro Heng as detailed in Note 35. We are unable to obtain sufficient appropriate audit evidence to determine the nature and extent of relationship that may exist between the Company and its Relevant Subsidiary Companies and the Special Purpose Vehicle ("SPV") by virtue of the said transactions and the debt restructuring exercises. Consequently, we were unable to determine whether the Company had control over the SPY; and the completeness of the comparative disclosures relating to the related party transactions between the Group and the SPV. We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion."REQUIRED: (a) Discuss THREE (3) misstatements that contribute to the situation of the company in previous auditor's report. (6 Marks) (b) What are TWO (2) possible reasons that delay the management actions regarding the situation on the debt restructuring? (6 Marks) (c) Based on the above audit report, discuss the importance of the auditor's report to the public. (3 Marks) (d) Determine TWO (2) possible factors for management's judgement on going concern based on ISA 570