Page 48 - CON Boardpack FEBRUARY 2020 FINAL (v5) P1 - 75_Neat
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DRAFT
6. EXTERNAL AUDITORS
6.1 Engagement letter
As in the prior year, the audit opinion will be qualified with regards to the
completeness and cut-off dates of the statutory levies. The document should
be signed by Willie Miller and Johann Kotzé.
Decision:
The Engagement letter must be circulated to the committee.
6.2 Audit plan
Jacques Marais reported verbally that the audits should start on 16 March with
the two weeks extension granted.
Decision
The committee granted the two weeks extension.
6.3 Internal control system
No discussion took place.
6.4 Non-audit services
It was noted that there were no non-audit services.
6.5 Budgeted fee
It was noted that the audit fee was combined (2 statements) into one fee and
increased with 7%. The fee was within the budget.
According to Jacques Marais, Middle and Partners appointed a person who is
in control of the quality control review system the company has in place. All
audit files were reviewed before it is signed off by him.
Decision
With reference to a previous discussion on the rotation of partners on the audits
done, it was confirmed that a second opinion will be called in if there was
anything controversial on the financial statements.
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