No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud,
is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature,
timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult
to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material
misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
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