Auditing Assignment | Custom Assignment Help

we have auditing assignment Company: Integrated Holding Company Stock Market website: https://www.boursakuwait.com.kw/stock/824/profileWeekly Assessment 3 – 15%
ACT480 – Auditing
Details
In this assessment, students should submit a 1,000 words report (Turn-it-in submission) analyzing a
Kuwait company’s financial statements in terms of the parts of the disclosure. Please check the second
page to download the data.
Note that companies were assigned to each student by the instructor.
Assessment is expected to have the following parts and will be written in a report format:
1. Briefly introduce your company. (You can use Note 1 for that purpose)
2. Details of the related parties
(a) Name
(b) Business
(c) Location
(d) Ownership percentage
3. Estimates for the assets
(a) Inventory Valuation Methods (Real party, Weighted Average, FIFO). Did the company
change the method? Why?
(b) Useful life and Depreciation methods of Property, Plant, and Equipment. Did the company
change the useful life? Why?
(c) Useful life of Intangible Assets
4. Related Party Transactions
(a) Amount of revenue to the related parties
(b) Related party revenue / Total Revenue
(c) Amounts due from the related parties (receivable)
(d) Amounts due to the related parties (payable)
5. Status of contingent assets and liabilities.
6. Conclusion
How to prepare the assessment
1. Download the latest financial statements as shown in page 3.
2. Match the footnotes’ numbers for the parts.
3. Write your report in accordance with the information provided in the footnotes.
Students List
ID First name Surname Weekly Assessment 3
19671 Nora Al-Wadi United Projects Co.
20084 Yousef AlMusallam The Kuwait Company For Process Plant Cons &Contracting
20504 Malak Sarkhouh Specialities Group Holding Co.
21360 Ameenah Abbas Shuaiba Industrial Co.
22749 Sarah AlQallaf Sharjah Cement & Industrial Development Co.
24101 Naser AlAjmi Salbookh Trading Co.
24402 Hamad AlSubaie Ras Al Khaimah Co. For White Cement Const. Materials
25260 Muneerah AlMutairi National Shooting Company (K.P.S.C)
25619 Ahad AlAjmi National Industries Company
26241 Asmaa AlYatama National Cleaning Co.
26388 Lujain Ramadhan Mubarrad Holding Co.
26425 Loulwah AlHaqqan Metal & Recycling Co.
26528 Badreyah AlFailakawi Kuwait Portland Cement Company
26592 Zinab Ali Kuwait Cement Company
26730 Hawraa Modhaffar Kuwait & Gulf Link Transport Co.
27069 Shaikhah AlShatti KGL Logistics Company
27085 Mohammad Hasan Integrated Holding Company Kcsc
28087 Mohammad Sadeq Hilal Cement Co.
28344 Zahra AlBaghli Heavy Engineering Industrise And Ship Building Co.
28566 Yahya AlMusallam Gulf Cement Company
29288 Ahmad Hassan Gulf Cable And Electrical Industries Company
29304 Redha Abdullah Fujairah Cement Industries
29437 Ali AlQames Equipment Holding Co.
30346 Muneerah AlNajdi Educational Holding Group
30691 Amna AlNari Combined Group Contracting Co.
30700 Fatemah Alajmi Boubyan Petrochemical Co.
30834 Dalal Aldaihani Alkout Industrial Projects Co.
34873 Nasser Al Jadi Alafco Aviation Lease And Finance
35639 Muneerah AlSabah Danah Alsafat Foodstuff Com.
41430 Ghdeer AlQattan Agility Public Warehousing Company
47263 Mohammad Al-Buloushi Acico Industries Co.
How to find the Audit Reports for the company
1. Go to https://www.boursakuwait.com.kw/market-participants/listed-companies
2. Find the company assigned to you and click on its name.
3. Click on “Financial Statement”.
4. Select the latest yearly report.