Comparison of Audit report of a Kuwaiti Company and An American Company (Contracting and Marine Service Co and Capital One Financial Corporation)
Auditing is an imperative aspect for success and development of the company. In the business scenario, the auditing is considered essential. According to legal framework of monetary reporting, the auditing is considered essential. In this process, various monetary reports are completely analyzed. The auditors investigate that whether goals and objectives of the company have been fulfilled or not. The auditors examine the monetary statement, reports as well as related notes and documents with an objective to evaluate as whether the corporation is showing appropriate and just information or not. Various standards and techniques are used in diverse nations for financial reporting purpose.
Few companies use International Financial Reporting Standards, while some use Generally Accepted Accounting Principles for financial reporting purpose. In this report, the auditor’s reports of Kuwaiti companies and American Companies are analyzed in detail in order to demonstrate various differences and similarities among both companies. For purpose of.continued (wordcount of report:3000 words)
Few companies use International Financial Reporting Standards, while some use Generally Accepted Accounting Principles for financial reporting purpose. In this report, the auditor’s reports of Kuwaiti companies and American Companies are analyzed in detail in order to demonstrate various differences and similarities among both companies. For purpose of.continued (wordcount of report:3000 words)
Introduction
Profiles of Company
Capital One Financial Corporation
Contracting & Marine Co
Presentation and Structure of Audit Reports: Contracting and Marine Services Company Vs Capital One Financial Corporation
Preparation of Audit Report by Capital One Financial Corporation (American Company)
Preparation of Audit Report in Contracting and Marine Service Company of Kuwait (Kuwaiti Company)
Comparative Analysis among Audit Reports of American and Kuwaiti Companies
Methodology Chosen for analysis
Similarities between the Audit Report of Kuwaiti Corporation and American Company
Distinctions Analysis
Reference
Goal of Audit
IFRS and GAAP Basis
Heads and level of Clarity of Audit Reporting
Sequence of flow
Audit Firms
Concluding Section
Opinion
Conclusion and Recommendations
References
Profiles of Company
Capital One Financial Corporation
Contracting & Marine Co
Presentation and Structure of Audit Reports: Contracting and Marine Services Company Vs Capital One Financial Corporation
Preparation of Audit Report by Capital One Financial Corporation (American Company)
Preparation of Audit Report in Contracting and Marine Service Company of Kuwait (Kuwaiti Company)
Comparative Analysis among Audit Reports of American and Kuwaiti Companies
Methodology Chosen for analysis
Similarities between the Audit Report of Kuwaiti Corporation and American Company
Distinctions Analysis
Reference
Goal of Audit
IFRS and GAAP Basis
Heads and level of Clarity of Audit Reporting
Sequence of flow
Audit Firms
Concluding Section
Opinion
Conclusion and Recommendations
References
