Select any publicly traded company and obtain its most recent 10-K filing (within the last two years). 

Assume that you have been assigned as the auditor for this company. Choose one of the topics below to discuss:

1. Identify the risks the company included in its filing. As the auditor, you need to be aware of these risks, as they could have misstatement implications for multiple financial statement accounts. What concerns should you have about the risk of material misstatement in the financial statements for the company you selected?
2. Review Footnote Disclosures and discuss any pending litigation. From the auditors’ and the shareholders’ perspective, what is the primary concern with the respect to the disclosure of pending litigation?
3. Review Footnote Disclosures and discuss any related party transactions. From the auditors’ and the shareholders’ perspective, what is the primary concern with the respect to the disclosure of related party transactions?

Answer rating: 100% (QA)

ANSWER Lets discuss the risks identified in the 10K filing of Apple Inc focusing specifically on the risks related to supply chain disruptions As an a... View the full answer