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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

  1. What is the scope and objectives of the audit?
  2. What are the auditors responsibilities and what are the managements responsibility?
  3. How did the auditor perform the audit (audit procedures)?
  4. Does the auditors report have a Key Audit Matters section? If so what were the key audit matters arising from the audit engagement? 

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