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Audit adjustment Ex 211 (1 069 613.08) 130520 (2 020 747.63) 131010Audit reserves Leave reserves2 834 683.73Closing Balance 2008 (1 069 613.08) (2 020 747.63)(3 090 360.71) Provision(57 858 554.71)

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How to fill out audit adjustment

01

Identify the reason for the audit adjustment

02

Document the adjustment in the appropriate financial statement

03

Provide supporting documentation for the adjustment

04

Obtain approval from management or other stakeholders if necessary

05

Ensure that the adjustment is accurately reflected in the financial records

Who needs audit adjustment?

01

Companies undergoing financial audits

02

Accountants and auditors responsible for preparing financial statements

03

Stakeholders and investors who rely on accurate financial information

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What is audit adjustment?

An audit adjustment is a correction made to the financial statements of a company following an audit to ensure accuracy and compliance with accounting standards.

Who is required to file audit adjustment?

Companies that undergo a financial audit are required to file audit adjustments if discrepancies are found.

How to fill out audit adjustment?

The audit adjustment is typically filled out by the company's accounting team or external auditors, who review the financial statements and make necessary corrections.

What is the purpose of audit adjustment?

The purpose of audit adjustment is to correct errors or discrepancies in the financial statements to reflect the true financial position of the company.

What information must be reported on audit adjustment?

Audit adjustments must include details of the error or discrepancy, the correction made, and the impact on financial statements.

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