Jodie Ltd, a Listed Company, Refuses to Separately Disclose Directors

question 40

Multiple Choice

Jodie Ltd, a listed company, refuses to separately disclose directors' fees of $2.5 million on the basis that they believe they are quantitatively immaterial. Profit for the last year was $980 million. The auditor should issue a(n) :

• A) adverse opinion.
• B) qualified opinion.
• C) unmodified opinion with an Emphasis of Matter.
• D) unmodified opinion.

---

Definitions:

Incremental Value

The additional or extra value generated by making a specific business decision, considered when evaluating multiple options.

Earnings per Share

A financial ratio indicating the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company’s profitability.

Merger Premium

The additional cost or amount by which a company's purchase price exceeds the pre-merger valuation of the target company.

Stand-Alone Value

The intrinsic worth of an investment or project if undertaken independently, without considering synergies or external factors.