As you have read this week, financial statements include audit reports. These reports, good or bad, must be in the statements of a public company. For this Discussion, look at the audit report in the financial statement that you have used for previous Discussions. What does it say? When was the audit issued versus the rest of the report?

To help you think about the consequences of not stopping financial reporting errors before they happen, watch Always Accountable, episode 4 in this weeks Resources. In this video, Abby Sampson and Richard Walker inform MegaGlom staff members about a comment letter they have received from the SEC.

PostbyDay 3at least 200 words addressing the following points:

• Read the report and describe the type of audit opinion issued.
• To whom was the audit report issued? Which public accounting firm audited the company?
• What is the difference between the date of the financial statements on which the audit opinion was written and the date on which the audit opinion was signed?
• What kind of responsibilities does the auditor have with a date issued before the date of the audited statement?