Question
For Weyerhaeuser company, summarize briefly the contents of the KPMG audit report that accompanies (precedes) the financial statements. Your summary should include, but not be
For Weyerhaeuser company, summarize briefly the contents of the KPMG audit report that accompanies (precedes) the financial statements. Your summary should include, but not be limited to, [1] a discussion of how you know if the audit report is unqualified, unqualified with an explanatory paragraph, modified, or adverse, [2] a brief discussion of the Critical Audit Matter KPMG identifies (Why is this item highlighted and how should it impact an investors reading of the financials?), and [3] the implications of the tenure of KPMG as Weyerhaeusers auditor (What are the arguments for and against keeping the same auditor for 20 years?).
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