P. 1


|Views: 3|Likes:
Published by Steven Chan

More info:

Published by: Steven Chan on Jan 30, 2012
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less





Part A 4b

There are two kinds of auditors, internal and external. The primary role of auditors is to express an opinion on whether entities in financial statements are free of misstatements. Auditors want to make sure that company's financial statements are true and fair representation of the company’s status. They conducted their audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified Public Accountants. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements. For internal auditors, there will be Audit Committee meetings to review the annual financial statements of the Company and the remuneration of external auditors. They will discuss with the external auditors their independence and the nature and scope of the audit. They will also evaluate the system of internal controls and risk management of the entity. The independence of external auditors is crucial to a correct appraisal of an entity's financial controls and statements. Any relationship between the external auditors and the entity must be disclosed in the external auditor's reports. These rules also prohibit the auditor from owning a risk in public clients and limit the types of non-audit services that they can provide.

Café de Coral has about 12. Oliver's Super Sandwiches. Apart from fast food shop.cafedecoral. The first café was opened in 1969 in Causeway Bay. the headquarters of Café de Coral is in Shatin. It became public listed in July of 1986 on Hong Kong stock exchange. . like the Spaghetti House. It was incorporated in 1968 in Bermuda with limited liability.com.000 people on a normal day. The shops are mainly in Guangdong Province. Now. Ltd is one of the major fast food chains in Hong Kong. Now.65% of the stock. Ah Yee Leng Tong and others. Michael. Café de Coral invested on Tao Heung Group buying 11. Manchu Wok.000 employees now.9 billion.Part B 2a) Café de Coral Holdings. The website of Café de Coral is http://www. The famous slogans include “Work 100% for you” and “See you in Café de Coral”. On March of 2007. Café de Coral chain serves over 300. Café de Coral group is the largest Chinese Fast Food restaurant group in Hong Kong and in the world. The profit of it was about 420 million in 2008. Café de Coral also started to open restaurants in Mainland China and Macau since 1992. Net value of the company is about 2. The chairman of Café de Coral is Chan Yue Kwong. Café de Coral also acquired some restaurants brands in Hong Kong.

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->