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Read the internet assignment 13-29 on page 392 of your text. Select a company and go to its website to find its current annual report.
Read the internet assignment 13-29 on page 392 of your text. Select a company and go to its website to find its current annual report. Review the independent auditors report for the financial statements and for internal controls over financial reporting and answers the questions that are shown below: a. Describe the type of opinion issued for the financial statements. Did the report include an explanatory paragraph? If so, what type of paragraph is it? What additional information does the explanatory paragraph provide outside users of the financial statements? b. Is the auditors opinion on internal control issued as a separate opinion or as a combined opinion with the financial statement opinion? What is the auditors opinion on the effectiveness of internal control over financial reporting? c. Who is the auditor on the reports? How quickly was the audit opinion issued after year-end? Is anything unusual discussed in the opinion? Estimated length: 1 page, double spaced. Textbook: Auditing and Assurance Services, An Applied Approach, Stuart, Iris C., 2012, McGraw-Hill. ISBN: 978-0-07-340400-4
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