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Arab Banking Corporation (B.S.C.) CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2024Arab Banking Corporation (B.S.C.) CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2024 INDEPENDENT AUDITOR\'S REPORT TO THE SHAREHOLDERS18CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED STATEMENT OF PROFIT OR LOSS CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CHANGES IN EQUITY9 10 11 12 13NOTES TO THE CONSOLIDATED FINANCIAL

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How to fill out independent auditors report to

01

Begin with the title 'Independent Auditor's Report'.

02

Address the report to the appropriate stakeholders, such as the Board of Directors.

03

Include a section for the financial statements being audited.

04

State your opinion on the financial statements, specifying if they are presented fairly in accordance with applicable accounting standards.

05

Provide a brief description of the responsibilities of management and the auditor.

06

Include details about the audit process, mentioning the methods used and the sample size.

07

State the date of the report, which should coincide with the conclusion of the audit.

Who needs independent auditors report to?

01

Public companies require independent auditor's reports for investor confidence and regulatory compliance.

02

Banks need them for assessing the financial health of businesses seeking loans.

03

Private companies often seek them for compliance with lenders or to attract new investors.

04

Non-profit organizations utilize them to ensure accountability to stakeholders.

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What is independent auditors report to?

An independent auditor's report is addressed to the stakeholders of an organization, which typically includes the board of directors, management, and shareholders.

Who is required to file independent auditors report to?

Organizations that are publicly traded or those that are required by law or regulation, such as financial institutions, are required to file an independent auditor's report.

How to fill out independent auditors report to?

An independent auditor's report is filled out by following standard auditing guidelines, which include stating the auditor's opinion on the financial statements, basis for that opinion, and compliance with applicable accounting standards.

What is the purpose of independent auditors report to?

The purpose of an independent auditor's report is to provide an unbiased opinion on the fairness and accuracy of an organization's financial statements, enhancing credibility for external users.

What information must be reported on independent auditors report to?

The independent auditor's report must include the auditor's opinion, the basis for that opinion, the financial statements being audited, the accounting standards used, and any relevant findings or concerns from the audit.

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