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please use link provided in the question to solve Financial Reporting on the Internet (OOREDOO) Access the Ooredoo annual report at below web page: Annual
please use link provided in the question to solve
Financial Reporting on the Internet (OOREDOO) Access the Ooredoo annual report at below web page: Annual reports Ooredoo corporate then download the Ooredoo Annual report 2020 in English PDF Format. Use the annual report to answer the following questions. Go to "Report of Independent Registered Public Accounting Firm" & answer the following questions. Read the report carefully 1- As you learned in Chapter 1, an attestation services provides reliability to decision makers in taking their decisions, explain the attestation services and provide the details from Annual report of Ooredoo. (10 marks) 2- Is CPA responsible for preparing financial statements? Discuss the responsibility and functions of CPA with evidence of annual report. Also name the different Financial statements that audited by external auditors at Ooredoo. (10 marks) 3- Identify and explain the difference between the Audit Committee Report and independent Auditors Report from annual report of Ooredoo. What is the basic information discussed in these two reports? What do you think which report provides reliable information to stakeholders? (10 marks) 4- Imagine you are the external auditor of Ooredoo, how do you interpret and what is your view on the "going concern" assumption on the financial stability of a business? (10 marks) 5- What does the term material misstatement mean? Does auditor indicate and highlighted any information about material misstatement in Ooredoo annual report? (10 marks) 6- Reliable accounting and financial reporting aids society in allocating resources in an efficient manner. Explain why audits are demanded by society? Support your answer from the Annual report of 2020 of Ooredoo? (10 marks) 7- What are the different types of auditor's opinion, briefly explain? Identify which type of opinion is given below? "The auditor is looking to review the company's minutes book, which contains important information regarding the board of directors meeting and the audit committee. ABC Company does not permit the auditor to review the minutes book. As a result, the auditor is unable to access the minutes book, a majority of the company's accounts cannot be verified" (10 marks) Financial Reporting on the Internet (OOREDOO) Access the Ooredoo annual report at below web page: Annual reports Ooredoo corporate then download the Ooredoo Annual report 2020 in English PDF Format. Use the annual report to answer the following questions. Go to "Report of Independent Registered Public Accounting Firm" & answer the following questions. Read the report carefully 1- As you learned in Chapter 1, an attestation services provides reliability to decision makers in taking their decisions, explain the attestation services and provide the details from Annual report of Ooredoo. (10 marks) 2- Is CPA responsible for preparing financial statements? Discuss the responsibility and functions of CPA with evidence of annual report. Also name the different Financial statements that audited by external auditors at Ooredoo. (10 marks) 3- Identify and explain the difference between the Audit Committee Report and independent Auditors Report from annual report of Ooredoo. What is the basic information discussed in these two reports? What do you think which report provides reliable information to stakeholders? (10 marks) 4- Imagine you are the external auditor of Ooredoo, how do you interpret and what is your view on the "going concern" assumption on the financial stability of a business? (10 marks) 5- What does the term material misstatement mean? Does auditor indicate and highlighted any information about material misstatement in Ooredoo annual report? (10 marks) 6- Reliable accounting and financial reporting aids society in allocating resources in an efficient manner. Explain why audits are demanded by society? Support your answer from the Annual report of 2020 of Ooredoo? (10 marks) 7- What are the different types of auditor's opinion, briefly explain? Identify which type of opinion is given below? "The auditor is looking to review the company's minutes book, which contains important information regarding the board of directors meeting and the audit committee. ABC Company does not permit the auditor to review the minutes book. As a result, the auditor is unable to access the minutes book, a majority of the company's accounts cannot be verified" (10 marks) Step by Step Solution
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