Audit

1. Review thoroughly the annual report that you have chosen.

2.1. Name the entity understudy. How did you obtain the annual report?

(1 mark)

The name of the entity under study is Loh & Loh Corporation Berhad. We obtain the annual report from the internet.

2.2. Based on the types of industries classified by the Malaysia Bourse, your chosen entity falls into which category? Why did it fall into such category?

(1 mark)

Based on the types of industries classified by the Malaysia Bourse, my chosen entity falls into heavy construction category. It fall into this category because it is the company that engaged in providing civil and structural, mechanical and electrical, property development and quarrying services to residential and commercial areas. LLCB operates in four segments: construction, which is engaged in building and civil construction and mechanical and electrical engineering related activities; investments, which is engaged in investment holding; trading, which is engaged in trading in water related equipment, wholesale and retailing, and property developments, which is engaged in the development of residential properties.

2. Take a look at the front cover and the overall content of the annual report. Give your views regarding the following:

3.3. What is the image your entity is likely or trying to project?

(2 marks)

The image my entity is likely or trying to project is corporate social responsibility. The entity was mindful of the impact that their operation has on society, the environment and the community. More than social obligation or business value, they are ever conscious that sustainable resources must be given priority especially in the environment and communities they operate in.

3.4. Based on the overall content of the report, how did the entity break down the information? What are the statutory and voluntary disclosures of items or information? Give examples.

(4 marks)

Based on the overall content of...