Audit report analysis of Al Rajhi and American financial

August 2022 | 12 pages | ID: A99EA3C9AB11EN
Sadia Saeed

Abstracts

In the fast moving business economy, industrialization and globalization the evaluation and analysis for financial statement and financial reporting system is playing a significant role for the business management. The evaluation and analysis of financial reporting system is known as auditing by which business companies express their ethical business and financial business operations and activities. The reason behind auditing of the financial information is to present the real and actual financial information recorded by the company’s management in the financial statements. The following report is presenting the analysis and evaluation for the audit report of Al Rajhi Bank Kuwait and American Financial Inc. The report is based on the analysis where comparison is presented among two selected companies from Kuwait and USA. Moreover, the report is also presenting the similarities and differences among the selected companies from USA and Kuwait with the regard of opinion and financial reporting standards.continued( wordcount of report: 3000)

Contents

Introduction
Companies Background
American Financial Inc.
Al Rajhi Bank Kuwait
How American Financial Inc. and Al Rajhi Bank Kuwait Prepare the Audit Report
Opinion
Heads and Clarity of Audit Reporting
Sequence of Information
Analysis and Evaluation Section
Methodology for analysis
Similarities among the Audit Report of American Financial Inc. and Al Rajhi Bank Kuwait
Distinctions Analysis
Reference
IFRS and GAAP differentiation
Purpose
Heads and Clarity of Audit Reporting
Sequence of Information
Audit Firms
Final Section
Opinion:
Conclusion
Recommendations
References