Refer to the financial statements of The Home Depot in Appendix A and Lowe’s in Appendix B at the end of this book, or download the annual reports from the Cases section in the Connect library.
1. Does Lowe’s report more or less Cash and Cash Equivalents than The Home Depot at the beginning of February 2014?
2. According to the company’s management and independent registered public accounting firm, were the internal controls over financial reporting at Lowe’s and its subsidiaries effective at that time?