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Ishaq International LTD, UK, incorporated on 3^rd Feb 2020. The companies financial year ends 31^st Dec each year. Mr. U, Mr. V, Mr. W, Mr. X, Mr. Y, Mr. Z and Mr. A are managers of the Ishaq International LTD. Mr. John is a partner of B4 Audit firm and appointed as external auditor for Ishaq International LTD.

From the above details, you are required to answer following questions under each section given

below:

1. Introuduction

1. Explain about the compnay (type), fiancial year, and auditor

2. Discussion

2. Mr. John has submitted unqualified audit report. Explain the contents of such report.

3. Recommendations

3. Audit report dated 5^th March 2020. Suppose, there is a natural calamity happened during Jan 2020, what type of audit report can Mr. John make? and Why?

4. Conclusion

4. Explain appointment, removal, duties and responsibilities of Mr. John as per UKs applicable law.