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Many companies post their financial statements and auditors report on their home pages, generally under a heading labeled investor relations. Use one of the Internet

Many companies post their financial statements and auditors report on their home pages, generally under a heading labeled investor relations. Use one of the Internet search engines to do the following:

a. Visit Intels (www.intel. com) and Microsofts (www.microsoft. com) home pages and review their financial statements, including their auditors reports.

b. Search the web for the home page of a non- U. S. company and review its financial statements, including its auditors report. For example, BMWs home page (www. bmwgroup. com, under Investor Relations) allows a visitor to download the financial statements as a pdf file. Identify the auditing standards followed by the companys auditors.

c. Compare the standard U. S. audit report with the audit report for the non- U. S. company (e. g., BMW).

d. Visit the SECs website (www. sec. gov), and find the link for EdgarScan. Find, download, and print the auditors report for a U. S. company of your choice. Identify whether or not the audit report is an unqualified, or clean, opinion and explain how you could tell.

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