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L2 REGULATION OF THE AUDITOR, IFRS, but in case of any confict with any…

- - - - (ii) The financial statements are properly prepared in all material respects in accordance with the applicable financial reporting framework
      - (i) Fairly present in all material respects the financial position of the entity and the financial performance and cash flows of the entity
  - - - Send a written report, giving particulars of the irregularity to the Regulatory Board and must;
      - Within three days, notify management board of the entity in writing, of the sending of the report and must provide management with a copy of the report
      - Reporting an irregularity if they are satisfied or have reason to believe that an irregularity has taken or is taking place without delay and;
    - - (iii) has caused or is likely to cause financial loss to the entity or to its partner, member, shareholder, creditor or investor;
      - (iv) is fraudulent or amounts to theft; or
      - (ii) any person responsible for the management of an entity which;
      - (v) represents a material breach of any financial duty by such person to the entity or any partner, member, shareholder, creditor or investor of the entity under any law applying to the entity or conduct of management thereof.
      - (i) Any unlawful act or omission committed by;
    - - Send another report to the Regulatory Board, including a statement by the registered auditor that;
        
        (ii) The suspected reportable irregularity is no longer taking place and that adequate steps have been taken to prevent the irregularity or recover any loss;
        
        (iii) the reportable irregularity is continuing
        
        (i) No reportable irregularity has taken place or is taking place;
- - - - Public interest score
        
        Average number of employees (250 + 280) / 2 = 265
        
        Long & short term liabilities = 64
        
        Sales = 129
        
        Shareholders = 38
        
        Public Interest Score = 496
  - - - Review if AFS externally compiled
      - Audit if AFS internally compiled;
    - - Audit
    - - Accounts can be reviewed;
- - - - Category of Companies
- - - - Employee or consultant of the company who was or has been engaged for more than one year in the maintenance of any of the company`s financial records or the preparation of any of its financial statements
      - Director, officer or employee of a person appointed as company secretary
      - Director or prescribed officer of the company;
      - A person who at any time during the past five financial years immediately preceding the date of appointment was a person contemplated in (i) to (iv) above
      - A person related to a person contemplated in subparagraphs (i) to (iv) above
      - A person who, alone or with a partner or employees, habitually or regularly performs the duties of accountant or bookkeeper, or performs related secretarial work for the company
- - - - Receive all notices of and other communications relating to any general shareholders meeting; and
      - Be heard at any annual general shareholders meeting
      - Attend any general shareholders meeting;
- - - - A prescribed officer, or full time employee of the company or another related or inter related company or have been such an officer or employee at any time during the previous three financial years;
      - Involved in the day to day management of the company`s business or have been so involved at any time during the previous financial year;
      - A material supplier or customer of the company, such that a reasonable and informed third party would conclude in the circumstances that the integrity, impartiality or objectivity of that director is compromised by that relationship