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Ford 10-K: http://www.sec.gov/Archives/edgar/data/37996/000003799615000013/f1231201410k.pdf What type of audit report was issued for Ford? What do you predict would happen if Fords auditors issued a going concern

Ford 10-K:

http://www.sec.gov/Archives/edgar/data/37996/000003799615000013/f1231201410k.pdf

  1. What type of audit report was issued for Ford?
  2. What do you predict would happen if Fords auditors issued a going concern audit opinion? How would suppliers react? How would debt holders react?
  3. What do you predict would happen if Fords auditors issued an adverse audit opinion? Would you expect there to be a different reaction from users of the financial statements if there was an adverse opinion compared to a going concern opinion?
  4. What would happen to the audit firm if it did not issue a going concern opinion and the company goes bankrupt within the following year?

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