Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(KIPCO) The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find

(KIPCO) The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study. Kuwait Projects Company (Holding), known as KIPCO, is an investment holding company in the Middle East and North Africa (MENA) region. The Group has significant ownership interests in a portfolio of over 60 companies operating across 24 countries. The group's main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors. KIPCO was incorporated on 2 August 1975 under Article 94 of the Kuwaiti Commercial Companies Code, Law No. 15 1960. Since incorporation, the company has grown substantially and made significant investments in a diversified portfolio of companies operating throughout the GCC and the wider MENA region. Access the KIPCO web page at: Annual Reports & Financial Statements | KIPCO, then download the 'Annual Report 2021' in English, PDF Form. Use the annual report to answer the following questions. Go to "Annual Report of KIPCO 2021" & answer the following questions. Read the report carefully. 1- The auditors are expected to give an unbiased and honest professional opinion on the financial statements to the shareholders. Explain the concept of independence and What is the KIPCO philosophy on independency of auditors. Support your answer from annual report KIPCO 2021. of

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Accounting And Finance

Authors: Geoff Black

1st Edition

1408216299, 978-1408216293

More Books

Students also viewed these Accounting questions