The financial statements of Apple are presented in Appendix D. The complete annual report, including the notes to its financial statements, is available at the company’s website.

Instructions
Using the financial statements and notes to the financial statements, answer these questions about Apple’s internal controls and cash.
a. What comments, if any, are made about cash in the “Report of Independent Registered Public Accounting Firm”?
b. What data about cash and cash equivalents are shown in the consolidated balance sheet (statement of financial position)?
c. How are cash equivalents defined in the Notes to Consolidated Financial Statements?
d. Read the section of the report titled “Management’s Report on Internal Control Over Financial Reporting.” Summarize the statements made in that section of the report.a