ACN-403-FINAL-REPORT.pdf - Audit report comparison and...

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Audit report comparison and contrast between Beximco Pharmaceuticals Limited and Sun Pharmaceuticals Limited (India) ACN-403 | Section-01 Group name: Auditing Analyst Prepared by Mohammad Naveed Hussain 1411088 Ahammad Imtiaz 1330722 MD. Ajmol Islam 1330769 Sazzad-Nur-Sawan 1310141 Shahanaz Akter Shohana 1330431 Submitted To: Mr. Ahmed Ataul Hakeem Lecturer, School of Business Independent University, Bangladesh
2 | P a g e Letter of Transmittal To: Mr. Ahmed Ataul Hakeem Lecturer, School of Business Independent University Bangladesh Dhaka, Bangladesh Date: Subject: Submission of a report on ‘Audit report analysis between Beximco Pharmaceuticals and Sun Pharmaceuticals Dear Sir, This study paper entitled “Audit Report Analysis: Compare and Contrast” a re prepared to compare and contrasts the Audit report style, procedures, sampling method, Audit strength used by the two different organizations. This report is prepared as the semester final term paper for Auditing (ACN 403) course. For this paper, we took firm workmanship and sincerity to gather knowledge about the traditional accounting system used for the financial department by these firms. We collected secondary data and Audit reports through the Internet. As the paper is a group work, it was genuinely done by all the members of the group and we hope that you would evaluate fruit of our team work with the charity. We sincerely thank you for all your kind support to accomplish the assigned report on due time. Sincerely yours, Mohammad Naveed Hussain Ahammad Imtiaz MD. Ajmol Islam Sazzad-Nur-Sawan Shahanaz Akter Shohana
3 | P a g e Introduction ……………………………………………………………… 4 Objectives …………………………………………………………… . ..4 Audit framework …… .. ………………………………………………… .5 Responsibility .. ……………………………………………………… ..6 Beximco Pharmaceuticals Limited overview …… .. …………………… ..7 Sun Pharmaceuticals Limited overview ……… ... ……………………… ..8 Similarities between the companies …………… . ……………………… 9-10 Dissimilarities between the companies ………………………………… 11-12 Opinion and Conclusion ………………… .. …………………………… ...13 References …………………………………… ... ……………………… .14-15
4 | P a g e Introduction The primary purpose of an Audit is to provide company’s shareholders with an expert, independent opinion as to whether the financial statements of the company reflect a true and fair view of the financial position of the company and whether they can be relied on. Auditors give reasonable assurance about the absence of material misstatements in financial statements. All these are ensured because of the presence of independence, competent skills, and ethics in Auditors which ensures task to be carried out in an objective manner, instead of subjective. The Auditors Report is written in a standard format, as mandated by generally

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