Answer the following questions using the annual report of Colgate in Appendix A to this book.
a. Who is responsible for the preparation and integrity of Colgate’s financial statements and notes? Where is this responsibility stated in the annual report?
b. In which note does Colgate report its significant accounting policies used to prepare financial statements?
c. What type of audit opinion is reported in its annual report and whose opinion is it?
d. Is any of the information in its annual report based on estimates? If so, where does Colgate discuss this?