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ide/Show Time Remaining Part 1 of 21- Question 1 of 30 2 Points Ninjago (Pty) Ltd is a company selling toy building blocks. The

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ide/Show Time Remaining Part 1 of 21- Question 1 of 30 2 Points Ninjago (Pty) Ltd is a company selling toy building blocks. The company was founded by its two sole shareholders, Lloyd and Kai Garmadon in 2015, and adopted a standard memorandum of incorporation (MOI). Lloyd and Kai are the only two directors of the company. For the year ended 29 February 2020, Ninjago (Pty) Ltd had a public interest score (PIS) of 85 and its annual financial statements were externally compiled. Consider the information above and determine whether Ninjago (Pty) Ltd will be required to have its annual financial statements audited or independently reviewed in terms of the Companies Act. Choose the correct option below A. Ninjago (Pty) Ltd must have its annual financial statements audited by an internal auditor. B. Ninjago (Pty) Ltd must have its annual financial statements independently reviewed. C. Ninjago (Pty) Ltd must have its annual financial statements audited by an external registered auditor.

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