Reading and Understanding the Auditor's Report Using the SEC's website, select a public company that filed their most recent annual report on Form 10K. Select a company that you have some level of interest in (e.g., you like their products, you want to work their some day, they are in the news, etc.). Locate the Reports of the Independent Registered Public Accounting Firm and answer the following questions: 1. Identify The full name of the Company being audited and the fiscal year-end. 2. Tell me why you selected this public company 3. Identify the Audit Firm 4. How long have they been the auditor? 5. What City and State is the Auditor located in? 6. Who are the audit reports addressed to? 7. What is the date of the audit reports? 8. Identify the name of each financial statement being audited by the Audit firm. Be sure to include the date of each of these statements. 9. In the basis of Opinion paragraph on the financial statements, identify the standards followed in conducting the audit. 10. What type of opinion did the Auditor provide on the financial statements (for example, was it qualified, adverse, et.al.?) 11. Does the opinion include any "other matters" such as an emphasis paragraph or consistency matters. 12. Since these are public companies, a second report would typically be issued over internal controls. What type of opinion did the Auditor provide on Internal Control over Financial Reporting (ICFR)? 13. What criteria was used by the auditor in their report on ICFR? 14. Auditors of public companies are now required to present "Critical Audit Matters" (CAMs) in their audit report. Read the CAMs included in the audit report and identify the following: a. How many matters did the auditor identify in their audit report? b. Identify the CAM items