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Research exercise
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Identify a listed company based in your home country
Note: a listed company that is listed/registered on a stock exchange
- Visit the company’s website
- Download a copy of their annual report
- Search the annual report for the company’s financials statements and auditors report
Read the auditors report and answer the following questions
- What is the scope and objectives of the audit?
- What are the auditors responsibilities and what are the managements responsibility?
- How did the auditor perform the audit (audit procedures)?
- Does the auditors report have a Key Audit Matters section? If so what were the key audit matters arising from the audit engagement?
