Students expect to complete one project during this course. You should obtain one audit report for a big Kuwaiti company. The...
Students expect to complete one project during this course. You should obtain one audit report for a big Kuwaiti company. The company selected must be a big company in Kuwait and it should have its own website. Ask your instructor for assistance if you are unsure about the type of company you have chosen.;Requirements;1. Determine what the economic sector is for selected company and explain the importance of this sector for the local economy of Kuwait (i.e., Gross Domestic Product). (1 mark);2. Provide a brief background about selected company (i.e., size, ownership, history, growth, main products, main markets,..etc.). (1 mark);3. Describe the five circumstances when an unqualified report with an emphasis-of-matter explanatory paragraph or modified wording is appropriate. What is the type of the audit report of your selected company? Why? (4 marks);4. Discuss the main parts of the Auditor Report for the company (list the 8 parts for audit report and match them with your selected auditor report). (4 marks);5. List the several factors that have affected the increased number of lawsuits against CPAs. (2 marks);6. List some of the ways in which the profession can positively respond and reduce liability in auditing. (2 marks);Please note that you will only receive maximum marks for the project if yours meets the following criteria: use clear and concise language, well written and good logical flow between sentences, logical arguments and coherent discussion, free of grammatical and spelling mistakes, and correct formatting style. (1 mark);The content of your project should be prepared using a Word Processing Package. Use the following formatting style: Times New Roman font, 12 point font size and 1.5 line spacing.;Student should submit his/her project in a Hard Copy format with a cover sheet by 2.00 pm - December 22, 2014.;(Maximum 1500 words)
Paper#74083 | Written in 18-Jul-2015Price : $27