Perform Similar prior-period data analysis on two Accounts of a company that is traded in the Saudi stock market. To perform the analysis, follow the steps below: 1. Pick a company traded in the Saudi stock exchange (Ex :Malath Cooperative Insurance Co.) 2. Pick two account to analyze (Ex: Account receivable, Cash, Account payable, Sales , cost of goods sold.) 4. Set level of materiality (Ex : change of 25% or higher ) 5. Make a conclusion for each account (1. point ) o The auditor should pay more attention to the sales account. It decreased by 45%in 2017 and by 66% in 2018. Interestingly, the percentage of change dropped in 2019. However, the sales changes did not exceed our threshold limit of 25%, which means the changes is within the acceptable range. o The changes in the COGS was not significant. It was relatively the same during the last three years. 6. Make a conclusion for Both Accounts (.5 point) o The COGS remained relatively the same despite the slight increase in the sale. The auditor must consider the cause of this inconsistency to ensure that no vicious sales were recoded or that no costs were misstated Formula: (THE YEAR /THE BASE YEAR)*100 = CHANGE RELATIVE TO BASE YEAR
I want an analysis for the year 2017 You can choose two accounts from the images below
8020 Malath Cooperative Insurance Co. Trading name: MALATH INSURANCE Sector Financials Industry Group: Insurance Main Market OVERVIEW HISTORICAL DATA STATEMENTS PROFILE BALANCE SHEET STATEMENT OF INCOME CASH HOW XBRI DETAILED REPORTS AND STATEMENTS ANNLIALLY QUARTERLY BALANCE SHEET 2020-12-31 2017-12-31 2018-12-31 2017-12-31 Policyholders (P) Assets Investments and Cash at Banks 422,726 462342 435,023 537,198 Receivables, Net 200,224 183,834 172.366 114,853 Other Assets 180,763 232,681 148,011 187.430 Total Ph Assets 812,713 87,857 755,400 929,781 Sharcholders Shoes Investments and Cash at Banks SH 119,186 384,115 393 090 119,703 Other Assets SH 30,276 117234 97.239 79,667 Total Sh Posets 199 562 501319 490 229 199,270 Total Assets 1,313275 1,380.206 1,245,729 1,239.151 Ph Liabilities: Raincuters Balances Payable 6,840 11248 5.417 10,364 Technical Reserves 670.518 692.729 571,343 669,400 Other Liabilities 136,355 174 880 178,640 160,017 Total Phabilities 978,857 755,400 329,781 Shliabilities and Equity 490 229 Sh Lasilities 31,506 40.890 35,907 47 347 468,056 460.449 454 422 452,023 ShEquity Total Shtabilities and Equity 499,542 501349 490.329 499,270 Total silities 1,313,275 1,380.206 1,245,729 1,339.151 Al figures are in Thousands Thousand Thousands Thousands Currency SAR SAR SAR SAR Last Update Data 2021.03.17 2020 03.16 2019-03-14 2018 0402 8020 Malath Cooperative Insurance Co. Jeding MALATH INSURANCE Sednat Frandala Industry Groupburance OVERVIEW HISTORICAL DATA STATEMENTS PROFE TANG SWING ACE CREW LE WIDORES AND SWIMINIS D MINIGONI 7 72 2. Den Com Niestend haira Cher 2.0 2 926 50 7. sem Total Crom Damaid Net Can Ford 21 9.00 HO 20 19. S 15 1206 Locom Cher Total Comandos Motpust. Approprio Accropiled Porced 25 SU 2 35 vid Maragamento Other room Shoppe Corea del 27 2.0 -17.00 2. Dengan -0.796 4747 3001 yon BO -17.00 1000 Dhonda opened Coherede Erding 4 41,47 Thound Thor Thoda SAR SAR SAR SAR Land 221 11 2020.00-16 201905-14 2018 08.00 8020 Malath Cooperative Insurance Co. Trading name: MALATH INSURANCE Sector Financials Industry Group: Insurance Main Market OVERVIEW HISTORICAL DATA STATEMENTS PROFILE BALANCE SHEET STATEMENT OF INCOME CASH HOW XBRI DETAILED REPORTS AND STATEMENTS ANNLIALLY QUARTERLY BALANCE SHEET 2020-12-31 2017-12-31 2018-12-31 2017-12-31 Policyholders (P) Assets Investments and Cash at Banks 422,726 462342 435,023 537,198 Receivables, Net 200,224 183,834 172.366 114,853 Other Assets 180,763 232,681 148,011 187.430 Total Ph Assets 812,713 87,857 755,400 929,781 Sharcholders Shoes Investments and Cash at Banks SH 119,186 384,115 393 090 119,703 Other Assets SH 30,276 117234 97.239 79,667 Total Sh Posets 199 562 501319 490 229 199,270 Total Assets 1,313275 1,380.206 1,245,729 1,239.151 Ph Liabilities: Raincuters Balances Payable 6,840 11248 5.417 10,364 Technical Reserves 670.518 692.729 571,343 669,400 Other Liabilities 136,355 174 880 178,640 160,017 Total Phabilities 978,857 755,400 329,781 Shliabilities and Equity 490 229 Sh Lasilities 31,506 40.890 35,907 47 347 468,056 460.449 454 422 452,023 ShEquity Total Shtabilities and Equity 499,542 501349 490.329 499,270 Total silities 1,313,275 1,380.206 1,245,729 1,339.151 Al figures are in Thousands Thousand Thousands Thousands Currency SAR SAR SAR SAR Last Update Data 2021.03.17 2020 03.16 2019-03-14 2018 0402 8020 Malath Cooperative Insurance Co. Trading name: MALATH INSURANCE Sector Financials Industry Group: Insurance Main Market OVERVIEW HISTORICAL DATA STATEMENTS PROFILE BALANCE SHEET STATEMENT OF INCOME CASH HOW XBRI DETAILED REPORTS AND STATEMENTS ANNLIALLY QUARTERLY BALANCE SHEET 2020-12-31 2017-12-31 2018-12-31 2017-12-31 Policyholders (P) Assets Investments and Cash at Banks 422,726 462342 435,023 537,198 Receivables, Net 200,224 183,834 172.366 114,853 Other Assets 180,763 232,681 148,011 187.430 Total Ph Assets 812,713 87,857 755,400 929,781 Sharcholders Shoes Investments and Cash at Banks SH 119,186 384,115 393 090 119,703 Other Assets SH 30,276 117234 97.239 79,667 Total Sh Posets 199 562 501319 490 229 199,270 Total Assets 1,313275 1,380.206 1,245,729 1,239.151 Ph Liabilities: Raincuters Balances Payable 6,840 11248 5.417 10,364 Technical Reserves 670.518 692.729 571,343 669,400 Other Liabilities 136,355 174 880 178,640 160,017 Total Phabilities 978,857 755,400 329,781 Shliabilities and Equity 490 229 Sh Lasilities 31,506 40.890 35,907 47 347 468,056 460.449 454 422 452,023 ShEquity Total Shtabilities and Equity 499,542 501349 490.329 499,270 Total silities 1,313,275 1,380.206 1,245,729 1,339.151 Al figures are in Thousands Thousand Thousands Thousands Currency SAR SAR SAR SAR Last Update Data 2021.03.17 2020 03.16 2019-03-14 2018 0402 8020 Malath Cooperative Insurance Co. Jeding MALATH INSURANCE Sednat Frandala Industry Groupburance OVERVIEW HISTORICAL DATA STATEMENTS PROFE TANG SWING ACE CREW LE WIDORES AND SWIMINIS D MINIGONI 7 72 2. Den Com Niestend haira Cher 2.0 2 926 50 7. sem Total Crom Damaid Net Can Ford 21 9.00 HO 20 19. S 15 1206 Locom Cher Total Comandos Motpust. Approprio Accropiled Porced 25 SU 2 35 vid Maragamento Other room Shoppe Corea del 27 2.0 -17.00 2. Dengan -0.796 4747 3001 yon BO -17.00 1000 Dhonda opened Coherede Erding 4 41,47 Thound Thor Thoda SAR SAR SAR SAR Land 221 11 2020.00-16 201905-14 2018 08.00 8020 Malath Cooperative Insurance Co. Trading name: MALATH INSURANCE Sector Financials Industry Group: Insurance Main Market OVERVIEW HISTORICAL DATA STATEMENTS PROFILE BALANCE SHEET STATEMENT OF INCOME CASH HOW XBRI DETAILED REPORTS AND STATEMENTS ANNLIALLY QUARTERLY BALANCE SHEET 2020-12-31 2017-12-31 2018-12-31 2017-12-31 Policyholders (P) Assets Investments and Cash at Banks 422,726 462342 435,023 537,198 Receivables, Net 200,224 183,834 172.366 114,853 Other Assets 180,763 232,681 148,011 187.430 Total Ph Assets 812,713 87,857 755,400 929,781 Sharcholders Shoes Investments and Cash at Banks SH 119,186 384,115 393 090 119,703 Other Assets SH 30,276 117234 97.239 79,667 Total Sh Posets 199 562 501319 490 229 199,270 Total Assets 1,313275 1,380.206 1,245,729 1,239.151 Ph Liabilities: Raincuters Balances Payable 6,840 11248 5.417 10,364 Technical Reserves 670.518 692.729 571,343 669,400 Other Liabilities 136,355 174 880 178,640 160,017 Total Phabilities 978,857 755,400 329,781 Shliabilities and Equity 490 229 Sh Lasilities 31,506 40.890 35,907 47 347 468,056 460.449 454 422 452,023 ShEquity Total Shtabilities and Equity 499,542 501349 490.329 499,270 Total silities 1,313,275 1,380.206 1,245,729 1,339.151 Al figures are in Thousands Thousand Thousands Thousands Currency SAR SAR SAR SAR Last Update Data 2021.03.17 2020 03.16 2019-03-14 2018 0402
