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QUESTION 1 (15 Marks) Galaxy Auditors was approached by Zenith (Pty) Ltd to conduct an assurance engagement. The Financial Manager provided you with the
QUESTION 1 (15 Marks) Galaxy Auditors was approached by Zenith (Pty) Ltd to conduct an assurance engagement. The Financial Manager provided you with the following extract of the Financial Statements, which is internally compiled. Zenith (Pty) Ltd: Extract of Annual Financial Statements for the period 30 September 2021 R 14.2 million Sales Cost of sales Property, plant, and equipment Short-term liabilities (3rd parties) Long-term liabilities (3rd parties) Quantity of shareholders Employees at the beginning of the financial year including Executive Directors Employees at the end of the financial year including Executive Directors Executive Directors at the beginning of the financial year Executive Directors at the end of the financial year R 8 million. R 28 million R 2 million R 20 million 6 42 48 CO 7 None of Zenith (Pty) Ltd.'s Executive Directors are shareholders of the entity. Required: List the required information to calculate the public interest score in terms of the Companies Act, 2008 and the Regulations. Then, Calculate the public interest score for Zenith (Pty) Ltd and state whether a review engagement can be performed. (15 marks)
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