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Company Analysis: Wm Morrison Supermarkets Plc
Finance & Accounting
Pages 5 (1255 words)
Principal activity Morrison is one of the popular social housing revamp providers in the United Kingdom. The principal activity is to deliver outsourced property maintenance or repair. Moreover, capital investment services to housing association and local bodies are also provided…
In addition to these, Morrison is also involved in managing local authority and associate body’s capital spending programmes such as kitchen and bathroom replacement. Auditor’s report: To Auditor’s report are given by a group of auditors who are independent and possess authority to examine the company’s assets and earnings in which ever manner possible. Auditors report presents an opinion about the financial statements encompassing statement of comprehensive income, cash flows, change in equity and notes to financial statement by following the standardized procedures put forward in Companies Act 2006 as well as International Standards on Auditing (UK and Ireland). They would certify that the financial statements are made in accordance with the standards and regulation or not. This report is an important statement for investors looking to put private equity in the business. An investor conceives this report as a way to increase credibility of the figures presented. The investors can be a shareholder, lender, prospective investor or the employees of the company. This report will provide the building block of faith needed to pursue the transaction. ...
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