Audit Report Analysis for Kuwaiti Companies
The following Kuwaiti Companies are selected to analyze the auditor’s report which is part of the annual report of these companies: 1) Kuwait Investment Authority: This is one of the top Kuwaiti Companies. Its main business is Investments and its main area of business is Investments and Anas Khaled Al-Saleh is its Chairman and it has assets of worth $592 billion. 2) Kuwait Petroleum Corporation (KPC): This is also a very renowned Kuwaiti Company which deals in Oil & Gas and H. E. Isam Al Marzouq is its Chairman and it has assets of worth $110.57 billion. 3) National Bank of Kuwait (NBK): It I also a very big name in Kuwaiti Companies and deals in Banks and Financial Services. The name f its chairman is Nasser Musaed Al-Sayer nd the value of its assets are $81.6 billion. 4) Kuwait Finance House (KFH): This is also a very big company. continued (wordcount of report: 3000 words)
Introduction
Preparation of the Audit Report
Audit Report
Contents of Audit Report
How an Audit Report is Prepared
Purposes of the Auditor’s Report
Need For An Independent Auditor’s Report
Role served by an Audit Report:
Credibility of the Auditor’s Report:
Auditor’s Report Auditor’s Product:
Process of Preparing An Auditor’s Report:
Starting of Phase of Reporting:
Scope of Auditor’s Report:
Types of Opinion provided in Auditor’s Report:
Unqualified Audit Report
Qualified Report
Structure of Auditor’s Report
Title:
Addressee:
Scope of Auditor’s Report:
Roles and Responsibilities of Management
Auditor’s Roles and Responsibility
Opinion of Audit
Legal Consideration
Name of Auditor or Name of The Audit Firm
Address of the Auditor or Audit Firm
Date of Auditor’s Report
Conclusion
References
Preparation of the Audit Report
Audit Report
Contents of Audit Report
How an Audit Report is Prepared
Purposes of the Auditor’s Report
Need For An Independent Auditor’s Report
Role served by an Audit Report:
Credibility of the Auditor’s Report:
Auditor’s Report Auditor’s Product:
Process of Preparing An Auditor’s Report:
Starting of Phase of Reporting:
Scope of Auditor’s Report:
Types of Opinion provided in Auditor’s Report:
Unqualified Audit Report
Qualified Report
Structure of Auditor’s Report
Title:
Addressee:
Scope of Auditor’s Report:
Roles and Responsibilities of Management
Auditor’s Roles and Responsibility
Opinion of Audit
Legal Consideration
Name of Auditor or Name of The Audit Firm
Address of the Auditor or Audit Firm
Date of Auditor’s Report
Conclusion
References
