The annual report of Harris Lumber Company included the following:

1. Who is responsible for Harris financial statements?

2. By what account standards are the financial statements prepared?

3. Identify one concrete action that Harris management takes to fulfill its responsibility for the reliability of the companys financial information.

4. Which entity gave and outside, independent opinion on the Harris financial statements? Where was this entity located and when did it release its opinion to the public?

5. Exactly what did the audit cover? Provide names and dates.

6. By what standards did the auditor conduct the audit? 7. What was the auditors opinion of Harris financial statements?

1 /App Data/Local/Temp/ACCT962022 1 %20Exercises%20Week%206.pdf e annual report of Harris Lumber company included the Tollowing: Management's Annual Report on Internal Control over Financial Reporting The Company's management is responsible for establishing and maintaining adequate control over financial reporting [...] Management conducted an evaluation of the effectiveness of the Company's internal control over financial reporting [Based on this evaluation, management has concluded that the Company's internal control over financial reporting was effective as of September 30, 2016. Report of Independent Registered Public Accounting Firm The Board of Director's and Shareholders Harris Lumber Company We have audited the accompanying consolidated balance sheets of Harris Lumber Company as of September 30, 2016, and September 30, 2015, and the related statements of operations, comprehensive income, shareholders' equity, and cash flows for each of the years in the three-year period ended September 30, 2016. We have also audited the Company's internal control over financial reporting. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits and an opinion on the Company's internal control over financial reporting based on our audits We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States )... In our opinion, the financial statements referred to above present fairly, in all material respects the financial position of the Company as of September 30, 2016, and Setpember 30, 2015, and the results of its operations and its cash flows for each of the years in the three-year period ended September 30, 2016, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion the company maintained effective internal control over financial reporting Abbott LLP Southfield, Michigan