Access the annual report, including the audited financial statements, of Thomson Reuters Corporation for the year ended
Question:
Access the annual report, including the audited financial statements, of Thomson Reuters Corporation for the year ended December 31, 2014 from SEDAR (www.sedar.com) or from the company's website (www.thomsonreuters.com).
Instructions
(a) What related-party transactions did the company engage in during the year?
(b) Is the related-party disclosure adequate or is there missing information? Is this information useful?
(c) What subsequent events did the company report? What is the cut-off date that has been used (that is, the date of approval of the financial statements by the directors)?
(d) In the management discussion and analysis (MD&A) provided by management in the annual report: (1) identify the key sections indicating the type of information included, and (2) locate the sections dealing with related-party transactions and with subsequent events, and compare the disclosures with those in the notes to the financial statements. Comment.
Step by Step Answer:
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy