Instructions:

-To determine the peculiarities, try to compare it with the audited financial statements of trading/service/manufacturing company and from there you differentiate the assigned specialized industry to you.

-Peculiarity is the unique to the industry, if there are specific PFRS/PAS or any standards covering the transactions of the assigned entity

Requirements: Understanding the entity

Peculiarities in Auditing (may include but not limited to)

-Accounting principles and industry-specific practices

-Accounting for unusual or complex transaction

-Industry-specific significant categories

Financial Statement to be Analyzed:

https://www.abs-cbn.com/governance/reports/annual-reports/2019-annual-report-with-audited-financial-statemen/id-105

Financial Statements use for comparison:

https://bcbmpc.com/wp-content/uploads/2020/07/AFS-2019.pdf

https://www.pds.com.ph/wp-content/uploads/2020/04/Disclosure-No.-1284-2020-2019-Audited-Financial-Statements.pdf

and other financial statements you know