Auditorsreportanddownload/opentheauditorsreport2019-20(onlyfor year-end audited report).

The company is Bank Muscat

Questions to be answered by the students in the assignment:

From that auditors report 2019-20, you are required to answer the following questions:

a. Who is the auditor of Bank Muscat and what is reliability of auditor (please visit to the website of the auditor and mention their credit rating)?

b. What is the type of independent auditors report of the particular company you have been assigned? Type refers to qualified, un-qualified, un-qualified with disclaimer (please write your answer with justification)

c. Analyze the audit reports and comment on the recommendations of the auditor, whether management of the company was cooperative in deposit of all accounting information during the audit process or not?

d. Please mention any key point in the auditors report that can be useful for any investor for future decision making.

e. Keeping in view of Profit and Loss Statement and Balance Sheet of last 03 Years (2018, 2019 and 2020), please write the answer of following questions:

4|PageBUCA3302assignment

i. How much % sales is increased / decreased from the last 3 years

ii. How much % Net Income is increased / decreased from the last 3 years

iii. How much % Total Assets are increased / decreased from the last 3 years

iv. Based on above analysis, what is students comment, whether said company is good for investment or not?