To gain an understanding of the information communicated in audit reports, you will be asked to find several publicly available audit reports for financial statements as well as internal control over financial reporting. For each report, the case asks you to analyze the components of the report and determine the type of report issued by the auditor. Record your responses to each of the questions shown below as you evaluate each report. [1] Find Coca-Cola Companys 2012 10-K filing on the SEC website. The financial statement date is December 31, 2012. Search for Coca Cola Co to find the correct entity. a. List the purpose of each of the first three paragraphs. b. Why is the final paragraph included? c. What is the date on which the auditor obtained sufficient appropriate evidence to support the auditors opinion? d. This audit report has an additional paragraph. What is the purpose of this paragraph? e. Where is this paragraph located in the report? f. What type of opinion was issued on the financial statementsstandard unqualified, unqualified with explanatory paragraph or modified wording, qualified, adverse, disclaimer? g. What type of opinion was issued on the internal control over financial reporting? h. What criteria were used to evaluate internal control over financial reporting? i. What is the date of the auditors report on internal control over financial reporting? What does this date match? [2] Find Barnes & Noble, Inc.s 2013 10-K filing on the SEC website. The financial statement date is April 27, 2013. Note that this company files these financial statements under the EX-13.1 item rather than the FORM 10-K. a. The first report relates to the financial statements, while the

To gain an understanding of the information communicated in audit reports, you will be asked to find several publicly available audit reports for financial statements as well as internal control

over financial reporting. For each report, the case asks you to analyze the components of the report and determine the type of report issued by the auditor. Record your responses to each of the questions shown below as you evaluate each report.

[1] Find Coca-Cola Companys 2012 10-K filing on the SEC website. The financial statement date is December 31, 2012. Search for Coca Cola Co to find the correct entity.

1. List the purpose of each of the first three paragraphs.

2. Why is the final paragraph included?

3. What is the date on which the auditor obtained sufficient appropriate evidence to

   support the auditors opinion?

4. This audit report has an additional paragraph. What is the purpose of this paragraph?

5. Where is this paragraph located in the report?

6. What type of opinion was issued on the financial statementsstandard unqualified,

   unqualified with explanatory paragraph or modified wording, qualified, adverse,

   disclaimer?

7. What type of opinion was issued on the internal control over financial reporting?

8. What criteria were used to evaluate internal control over financial reporting?

9. What is the date of the auditors report on internal control over financial reporting? What

   does this date match?

[2] Find Barnes & Noble, Inc.s 2013 10-K filing on the SEC website. The financial statement date is April 27, 2013. Note that this company files these financial statements under the EX-13.1 item rather than the FORM 10-K.

1. The first report relates to the financial statements, while the second report relates to internal control over financial reporting. What type of opinion was issued on the financial statementsstandard unqualified, unqualified with explanatory paragraph or modified wording, qualified, adverse, disclaimer?

2. What type of opinion was issued on the internal control over financial reporting? Does this opinion differ from the opinion issued for the financial statements? If so, then discuss why this difference could arise.

[3] Find Canon Inc.s 2008 20-F filing on the SEC website. The financial statement date is December 31, 2008.

1. What is a 20-F filing?

2. Who is the auditor for Canon Inc. during this period?

3. The audit report includes an additional paragraph just prior to the opinion paragraph.

   What issue does this additional paragraph identify?

4. The audit report includes an additional paragraph just after the opinion paragraph. What

   is the purpose of this paragraph?

5. What type of opinion was issued on the financial statementsstandard unqualified,

   unqualified with explanatory paragraph or modified wording, qualified, adverse, disclaimer?