Ernst & Young, LLP is the independent public accountant for AMR Corporation, the parent company of American
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Ernst & Young, LLP is the independent public accountant for AMR Corporation, the parent company of American Airlines and American Eagle. In February 2013 AMR and US Airways Group announced the two companies would merge to form the largest airline in the world. In AMR’s 2012 annual report, Ernst & Young gave AMR a “clean opinion,” indicating that its financial statements were fairly presented. In the 2012 auditors’ report for AMR, however, Ernst & Young notes:
Discuss why Ernst & Young would issue a “clean opinion” on the financial statements of AMR Corporation given its many doubts about the firm’s ability to “continue as a going concern.”
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Related Book For
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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