Retail stores in the Western Cape

There were heavy floods on $01$ October $2023$ in the Western Cape and Happy$$s retail

stores were affected by the floods. The flood caused damage to the inventory in the

retail stores in the amount of R$4250000.$ Management refused to write off the

inventory after the auditor advised that the inventory should be written off.

REQUIRED:

With reference to Retail stores in the Western Cape, discuss, with reasons,

the impact the misstatement will have on the audit opinion