Submitted by: Submitted by yiso91
Views: 327
Words: 2997
Pages: 12
Category: Business and Industry
Date Submitted: 03/08/2013 01:37 AM
United Arab Emirates University
College of Business and Economies
Department of Accounting
ACCT315 – Principals of Auditing
Class Project – Analysis of Company risks
ALDAR Properties PJSC
Spring 2010
Done by
Abdelrahman M. Elfeky – 200734721
Mohamed AlSaleh – 200734874
Ahmed Hassan Hajjo – 200734684
Foad Al-Marsoqi - 200703119
Mana Al-Shamisi - 200734679
Yassir Riyad - 200633384
Submitted to
Dr. Nirosh Kuruppu
Page 1
Contents
1. Introduction ………………………………………………………………..3
2. ALDAR Mission and Vision ………………………………………………3
3. Industry Analysis
i) Current Economic Trends ………………………………………………4
ii) Regulatory environment affecting the company’s industry …………….4
iii) Components of the balance sheet of the companies in the industry that
would represent high risk ……………………………………………….5
4. Business strategy of ALDAR ……………………………………………….8
5. Key Competitors …………………………………………………………….8
6. Key business process ……………………………………………………….10
7. Financial resources availability……………………………………………..10
8. Major Risks and implications of those risks for the conduct of the audit ….11
Page 2
Introduction
Since the establishment of the UAE, the local economy began to evolve at a rapid
pace. One of the major outcomes of this development is a dramatic construction boom in most of
the emirates, especially Abu Dhabi. In this research we chose ‘ALDAR Properties’ as an
example to study and analysis of all the financial aspects and the risks expected, which may
affect the company.
Aldar Properties PJSC was first-launched in 2001 in Abu Dhabi City , the capital of
United Arab Emirates as the premier real estate development management and investment
organization in Abu Dhabi. This development company is owned by Abu Dhabi Institution,
founder shareholders and individual investors. It has a key competitive advantage due to large
resources and high level of the management experience and Abu Dhabi government support inunder taking large scale projects. Aldar...