One | Choose a Report

Choose an annual report for any company and locate the audit report (you may use the one provided in your text or perform an internet search on a company of your choosing). Respond to the following reflection question.

Two | Name the Company

Name the company and type of opinion given in the Audit report (1. Unmodified/unqualified, 2. Qualified, 3. Disclaimer or 4. Adverse). Quote the terminology used in the audit report which has helped you identify the type of report.

Three | Reflect

Reflect upon the information you have read in Chapters 1, 2 and 3 and what you felt about an audit opinion prior to reading those chapters.

Four | Compare and Contrast Ideas

Compare and contrast your idea of what an audit is prior to reading those chapters versus after reading the chapters. What items in those chapters provide you with more confidence in the accuracy of that audit report? What items in those chapters made you less confident? Be specific and explain your answer.