Use the Target Corporations annual report in Appendix B to answer the following questions. a. Who are
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a. Who are the independent auditors for Target?
b. What type of opinion did the independent auditors issue on Target’s financial statements?
c. On what date does it appear the independent auditors completed their work related to Target’s financial statements for the fiscal-year ended January 29, 2011 (2010)?
d. Does the auditors’ report give any information about how the audit was conducted? If so, what does it suggest was done?
e. Does the auditors’ report tell the reader that the audit was concerned with materiality rather than absolute accuracy in the financial statements?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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