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Financial Information: Coursework Assignment - Essay Example
Finance & Accounting
Pages 5 (1255 words)
Financial Information: Coursework Assignment [Instructor Name] Financial Information: Coursework Assignment Principal Activities of Tesco Plc.: Tesco Plc. Is one of the leading international retailers with its core business as in retailing of grocery…
The company has also recently initiated its telecom and data manager and distributions business lines (Bloomberg 2012). The company sells its products and services through its physical stores and also online ecommerce solutions to its millions of customers worldwide. The company operates for achieving its visions that is “to create value for customers to earn their lifetime loyalty” (Tesco Plc., 2011) and deliver its values “no one tries harder for customers and treat people how we like to be treated” (Tesco Plc. 2011). Auditors Report and its Importance The auditors of Tesco Plc are from the London office of PricewarehouseCoopers LLP. The independent auditor’s report briefly provides the responsibilities of directors and auditors along with the scope of the audit of the financial statements. The opinion of the independent auditors indicated that the company’s financial statements have been prepared according to IFRSs, which have been adopted by the EU and the information provided by the company represents true and fair view of the company’s operations and other affairs. The opinion of the external auditors also indicate that the directors report has been prepared in accordance with the requirements under the Companies Act 2006 however there are certain exceptions which the auditors have noted and reported. ...
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