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Access the CENTRAL BANK OF KUWAIT Corporate web page at: Central Bank of Kuwait:...

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Accounting

Access the CENTRAL BANK OF KUWAIT Corporate web page at:

Central Bank of Kuwait: Annual Report (cbk.gov.kw) then download the annual report 2020-2021 in PDF Form. and answer the following

1-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 Central Bank of Kuwait? (10 marks)

2-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 Central Bank of Kuwait. (10 marks)

3-Preparing accurate and timely financial statement is one of the objectives of accounting. Who is responsible for preparing financial statements of Central Bank of Kuwait? What is the external audit report on the presentation of financial statement of Central Bank of Kuwait? Name the different financial statements that audited by external auditors. (10 marks)

4-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 Central Bank of Kuwait.

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