Question: You, the CFO for Madulo (Pty) Ltd have while reviewing the financial statements in preparation for the afternoon board meeting noticed that the depreciation expense

You, the CFO for Madulo (Pty) Ltd have while reviewing the financial statements in preparation for the afternoon board meeting noticed that the depreciation expense was not reported in the 2022 annual financial statements. Required: 1.1 Explain to the board the impact of the omission of the depreciation expense on the quality of financial statements. (5) 1.2 The board is concerned whether this mistake would affect their decision to declare a cash dividend in the current financial year

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