According to the conceptual framework, the objective of financial reporting is, to provide financial information about the reporting entity that is useful to existing and potential investors, lenders, and other creditors in making decisions about providing resources to the entity. Use the Internet to research AT&Ts financial statements, annual report, notes to the financial statements, presidents letter, and management discussion and analysis from the most recent year in order to complete this assignment. Use 2017 or 2018 annual report.

Analyze the various types of auditors reports, and determine the impact that the auditors report has on a companys ability to obtain financing from a bank. Identify the type of auditors report issued on AT&T, and speculate the manner in which you believe banks will perceive AT&Ts auditors report.