Verizons 10K Report

For obvious reasons, it is in a company's best interests to stop financial reporting errors before they happen, and certainly before they are discovered by a third party such as an independent auditor. In the same financial statement as the previous Discussions, read the management report (Section 9A of the company's 10K report) on internal control over financial reporting. Do you think these internal controls will be effective?

Answering the following questions:

• What does the company say about its internal controls?

• Do you think these internal controls will be effective? Why or why not?

• What changes might you suggest for this company in terms of internal controls?