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.

An external auditor analyses the financial information of a company and reports on finding. Elaborate the functions of external auditor and provide reference from report. Who is the external auditor of Al-Rajhi Bank? (10 marks)

Certified Public Accountants are independent auditors and provides professional services. Explain briefly the principle of assurance and provide the details of assurance from Annual report of Al-Rajhi Bank. (10 marks)

Who is responsible for preparing financial statements of Al-Rajhi Bank? What is the external audit report on the presentation of financial statement of Al-Rajhi Bank? Name the different financial statements that audited by external auditors. (10 marks)

Discuss the difference between the Audit Committee Report and Auditors Report. What is the basic information discussed in these two reports? Give evidence from annual report of Al-Rajhi Bank.

(10 marks)

Explain the term Audit Risk and Audit evidence. How auditors can reduce audit risk, support your answer from annual report of Al-Rajhi Bank.

(10 marks)

What do you understand by assumption going concern. What auditors view on the company assumption of going concern and what is the opinion of management on going concern of Al-Rajhi Bank? (10 marks)

Are auditors responsible for frauds? Discuss the auditor responsibility for the detection of errors and frauds? Support your answer from the Annual report of Al-Rajhi Bank.

(10 marks)

What does the term material misstatement mean? Support your answer with an example from Annual report of Al-Rajhi Bank.

(10 marks)

Reliable accounting and financial reporting aid society in allocating resources in an efficient manner. Explain why audits are demanded by society? Support your answer from the Annual report of 2021 of Al-Rajhi Bank?

(10 marks)

Write a summary on auditors report and evaluation about Al-Rajhi Bank performance, based on your understanding.