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)

-Relevant standards and reporting frameworks

-Classes of transactions

-Account balances

Financial Statement to be Analyzed:

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