Financial Reporting on the Internet $($Ooredoo$)$

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It was the first operator globally to launch commercial $5$G services in Qatar and is one of the world's largest mobile telecommunications companies, with over $121$ million customers worldwide as of $2021.$

Ooredoo operates in $10$ countries across the Middle East, North Africa, and Southeast Asia, including Algeria, Indonesia, Iraq, Kuwait, Myanmar, Maldives, Oman, Palestine, Qatar, and Tunisia. Ooredoo's shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

Access the Ooredoo Corporate web page at:

Annual reports $|$ Ooredoo corporate then download the annual report $2022$ in PDF Form.

Question $1(25$ marks$)$

An external auditor is a public accountant who conducts audits, reviews, and other work for his or her clients. Explain the functions, duties, and responsibilities of the external auditor. Evaluate how external auditors perform their duties and responsibilities in auditing Ooredoo company. You need to provide detailed evidence from the annual report of Ooredoo $2022.$

Question $2(25$ marks$)$

The Audit Committee is responsible for overseeing and assessing the entity's external audit and its auditors. Discuss the difference between the Audit Committee Report and the Auditor$$s Report. What is the difference, and the basic information discussed in these two reports? Provide evidence from the annual report of Ooredoo $2022.$

Question $3(25$ marks$)$

The risk that the financial statements are materially misstated prior to audit refers to the risk of material misstatement. Are auditors responsible for identifying and assessing the risk of material misstatement? What does the term $$material misstatement$$ mean? Support your answer with an example from the Ooredoo Annual Report $2022.$

Question $4(25$ marks$)$

Access the Ooredoo $2022$ Annual Report and evaluate the Independent Auditor$$s Report $($Ooredoo $2022).$ Compare the Independent Auditor$$s Reports of $2022$ and $2021$ and write a summary of the auditor$$s evaluation from year to year.