Question
Select a publicly traded company and access its most recent audited annual financial statements. Post answers to the following six questions: 1) Is the auditors
Select a publicly traded company and access its most recent audited annual financial statements.
Post answers to the following six questions:
1) Is the auditors opinion unqualified, qualified, or adverse, or has the auditor disclaimed an opinion?Support your answer by quoting relevant language from the auditors report. 2) What are two trends in the companys operations or capital resources that management considers significant to the companys future?
3) Does the income statement contain any separately reported items (discontinued operations or extraordinary items) in any year presented? If so, describe the event(s) that caused the item(s).
4) Is the company engaged in more than one significant line of business (i.e., does it have more than one reportable operating segment)? If so, compare the relative profitability of the different segments.
5) During the most recent year, did the company make any significant changes to its accounting methods? If so, what has it changed, and why did the company make the reported change(s)?
6) Have there been any subsequent events, errors and irregularities, illegal acts, or related-party transactions that have a material effect on the companys financial position? Describe them.
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