Locate a competitor's Form 10-K. Refer to one of the following notes to the financial statements (use the "Note No. X," not the note provided in the summary of significant accounting policies):

• Revenue recognition

• Investments

• Leases

• Commitments and contingencies

• Stock-based compensation plans

• Operating segments Review the notes for both companies.

Do you notice any discrepancies or inconsistencies in the notes of the companies?

What information is provided by each company that may help you identify inconsistencies?

How might you investigate any inconsistencies that you may have found?