Outcome of our audit of financial statements and some key observationsQuality offinancialstatements before auditUndue reliance on auditors to enhancecredibility offinancial statementsQuality of publishedfinancialstatements after auditUnqualifiedUnqualified / Adverse / DisclaimedMovementfrom previous yearBefore audit:After audit:Movementover 3 yearsTimely submission and quality of financialstatementsSubmission of financial statments by legislateddate (all audits)Credibility of financial statementsOpinions on financial statements2020-212018-192019-2090%89%93%2018-192020-212019-20180 (47%)299 (78%)203 (53%)84 (22%)119 (31%)Ourauditintervention resultedin 119moreauditeesbeingable to report crediblefinancialresults70%30%40%27%48%75%31%78%47%