Unilever & Berger

Audited & Unaudited Report

Welcome To Our Presentation

 Group Member

Rafatul Islam Fahmidur Rahman Saiful Islam

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 Unilever Company Overview
In 1885 Level Brothers was founded. Level established soap factory around the world.
In 1917 they diversified their business into foods, acquiring fish, ice cream and other food
business.
1980-1990 In this section they enhance their Personal product line.
They manufacture shampoo, toothpaste & skin care creams. (Sunsilk, Closeup, Fair & lovely,
Vim)
1990-1998 Entered the tea based market introducing Lipton Taaza, Introducing washing powder
concept Surf Excel
2002-2004 Increase the quality of soup to world class (Lifebuoy), one of them Family blindly
bond on this, free of germs and sickness.
Today Unilever have 13 different brands in 8 different categories.
Berger Company Overview
Louis Berger, a German national, founded the Berger Paint
In 1950 Berger has been involved in the paint business
In 1970, Berger Paints Bangladesh Limited (BPBL), erstwhile Jenson & Nicholson, had set up its
paint factory in Chittagong.
Berger has invested more in technology and Research & Development (R&D) than any other
manufacturer in this market
Berger Paints Bangladesh Limited has been promoting the young and creative talents of the
country through Berger Young Painters’ Art Competition (BYPAC), Berger Award for Excellence
in Architecture (BAEA), Berger Awards Programme for Students of Architecture of BUET
(BASAB), Khulna University Architecture Department-Berger (KUAD-BERGER) Award, etc.
Berger has been the pioneer of the categories of--Decorative Paints, specialized outdoor paints
to protect against adverse weather conditions, Color Bank, Superior Marine Paints, Textured
Coatings, Heat Resistant Paints, Roofing Compounds, Epoxies, and Powder Coatings
 What Is Auditing
The term audit usually refers to a financial statement audit. A financial audit is an objective
examination and evaluation of the financial statements of an organization to make sure that the
financial records are a fair and accurate representation of the transactions they claim to represent. The
audit can be conducted internally by employees of the organization or externally by an outside
Certified Public Accountant (CPA) firm

There are three main types of audits:

External audits
Internal audits
Internal Revenue Service (IRS) audits
 Types of Audits
External Audits
Audits performed by outside parties can be extremely helpful in removing any bias in
reviewing the state of a company's financials. External auditors follow a set of
standards different from that of the company or organization hiring them to do the
work. The biggest difference between an internal and external audit is the concept of
independence of the external auditor.
Internal Audits
Internal auditors are employed by the company or organization for whom they are
performing an audit, and the resulting audit report is given directly to management and
the board of directors.

Internal Revenue Service (IRS) Audits

The Internal Revenue Service (IRS) also routinely performs audits to verify the accuracy
of a taxpayer’s return and specific transactions. When the IRS audits a person or
company, it usually carries a negative connotation and is seen as evidence of some type
 The main function of an audit is to check for
accuracy

Benefits of a Audits can also motivate you to implement new

accounting processes
business
audit
Embracing audits and recognizing their role in
your business’s success might help prevent your
heart from skipping a beat the next time one
comes up.

Audit can help straighten out your finances so

you can make wise business decisions.
Unaudited Financial
Statements
An unaudited statement is a financial statement that has
been prepared by an auditor, but for which a standard set
of audit procedures have not been performed. An
unaudited statement can also refer to a financial
statement that was developed internally, but was not
subjected to examination by an outside auditor.
 Profit and Loss shows the company sales, expenses,
and profit over a given period of time

UNAUDITED Balance Sheet specifies assets, liabilities, and equity

REPORT The financial statement may also include

INCLUDE Cash Flow statement

Notes to Financial Statement

CONTENT OF AN AUDIT
REPORT
RESPONSIBILITY SCOPE OF THE AUDIT SIGNATURE OF
OF THE AUDITOR AUDITOR
The scope of the audit conducted by DATE OF THE AUDIT
It defines that the The partner of the
the Auditor by explicitly mentioning REPORT
responsibility of the auditor must sign the
that the audit was done as per the
auditor is to perform audit report content at Let us look at a brief
generally accepted auditing
an unbiased audit of the end. understanding of each
standards in the country. It refers to
financial statements heading in the audit
the ability of the auditor to perform PLACE OF SIGNATURE
and give their report.
an audit and provides assurance to It gives the city in which
unbiased opinion.
the shareholders and investors that the audit report was
audit was done as per auditing signed.
standards
 THE OPINION OF THE AUDITOR
ADVERSE OPINION
UNQUALIFIED OPINION
The adverse opinion may
An unqualified opinion also
refer to the onset of fraud in
called a clean opinion, is QUALIFIED OPINION:
the Company. In this case,
issued when the auditor
The Auditor gives a qualified the Company has to correct
determines that the
opinion in case the financial its financial reports and
financial records are free of DISCLAIMER OF OPINION
records are not maintained financial statements. The
any misrepresentations. An
in accordance with GAAP, Company will have to get In cases when the auditor is
unqualified opinion is the
but the auditors do not find the statement re-audited as unable to complete the audit
best opinion given to the
any misrepresentation in the investors and lenders would of the Company due to
Company and the
financial reports require the Company to give details not provided by the
management.
financial reports free of any Company, it will give a
errors and disclaimer of Opinion
misrepresentation.
Unaudited Report show

Summary Statement of cash flow

Unilever Company
 Audited Report show

Summary Statement of cash flow

Berger Company
Statement of Profit or
Loss & other
comprehensive income
STATEMENT

Unilever Company
Statement of Profit or
Loss & other
comprehensive income
STATEMENT

Berger Company
Summary Statement
of Financial Position

Unilever Company
Summary Statement
of Financial Position

Berger Company
Thank You