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BE302 Financial Reporting On Internet

tag 0 Download 7 Pages / 1,567 Words tag 11-08-2021
  • Course Code: BE302
  • University: Arab Open University

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Kuwait


Develop the ability to understand and interact with the nature of the professional standards & internal control in reality.

Develop students’ communication skills, such as memo writing, essay writing, analysis and presentation of material.

Develop basic ICT skills such as using the internet & e-library resources.

Use the annual report to answer the following questions.

1-What do you understand by public accountings firms? Describe the different categories of public accounting firms. Also name the external auditor of TSC. Give some introduction on the Functions of external auditor and provide reference from report.

2-Reliable accounting and financial reporting aid society in allocating resources in an efficient manner. Explain why audits are demanded by society? Support your answer from the Annual report of 2015 of TSC.

3-Write the summary of audit committee report on the audit procedure in accordance with the standards.

4-What do you understand by material misstatement? Does TSC have strong internal control over financial reporting to overcome the material misstatement?

5-Elaborate briefly the principle of assurance and provide the details of assurance from Annual report of TSC.

6-What is the external audit report on the presentation of financial statement of TSC? Name the different Financial statements that audited by external auditor         

7-Are auditors responsible for frauds? Discuss the auditor responsibility for the detection of errors and frauds? Support your answer from the Annual report of TSC.    

8-Explain the term ‘Audit Risk’ and ‘Audit evidence’. How auditors can reduce audit risk, support your answer from annual report of TSC.

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