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Auditors Report
SUMMARY OF THE INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF NIGERIAN ENAMELWARE PLC.
NAME OF THE COMPANY: Nigerian Enamelware Plc.
NAME OF THE AUDITORS: Akintola Williams Deloitte, Charted Accountant, Lagos Nigeria.
SOURCE OF INFORMATION: Annual Report & Accounts 2012.

SCOPE: The financial statement audited by the auditors include; the balance sheet, profit and loss account, statement of cash flow, value added statement, financial summary, significant accounting policies and other notes to the account that are set out on pages 13-28.
PROCEDURE: The procedure selected depended on the auditors judgment that included the assessment of the risk of material misstatement of the financial statements, whether it was due to fraud or error. They also evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Directors, as well as evaluating the overall presentation of the financial statements.
RESPONSIBILITIES: The Directors are responsible for the preparation and fair presentation of all the financial statements in accordance with the Companies and Allied Matters Act, cap C20, LFN2004. And also to form an independent opinion based on the audit of financial statement prepared by the directors and to report same to the members.
FINDINGS: The Audit report reveal that Nigerian Enamelware Plc. has kept proper books of account and the financial statements are in agreement with the records in all material respect and give information in the prescribed manner required by the Companies And Allied Matters Act. Cap20 LFN 2004. And in accordance with the Statement of Accounting Standards issued by the Financial Reporting Council of Nigeria.
AUDITORS OPINION: The financial Statements give a true and fair view of the financial position of Nigerian Enamelware Plc. as at 30th April 2012 and was prepared with the statement of Accounting Standards Board.
TYPE OF OPINION: Clean or Unqualified Opinion.

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