The financial statements for your company are usually posted in Item 8 of the SEC 10-K document.

Search for the auditor's report. Key word "opinion".

Consider the topic of internal control and who is responsible for Internal Control. The auditor's report describes their role in evaluating internal control but internal control is the responsibility of company management. The Sarbanes-Oxley Act requires that to Chief Executive Officer and the Chief Financial Officer attest to the accuracy of the financial statements presented. Notice how these concepts are described as you read the auditor's report.

For your SEC 10-K report, as you read the auditor's report, consider information identified as Critical Audit Matters (CAM). Are there any CAM items? What are they (use the section titles)? List the CAM items in your SEC 10-K Report (word document) and Power Point presentation.

Discussion Requirements

Answer the following questions.

Do not cut and paste from your company SEC report.

What is the name of the auditor?

Are they one of the "Big Four"? Do a search to see who the "Big Four" audit firms are.

The first page of the SEC 10-K is very standard and lists two key locations. Using this information, post the state of incorporation and the city and state of the corporate headquarters for your SEC 10-K.

List the topic headings from the auditors' report on Critical Audit Matters. Examples might be Internal Control or Inventory or Goodwill Impairment. Critical Audit Matters are near the end of the auditors' report. The report is actually a report from the audit firm to the company Board of Directors.