Observe at least three recent corporate annual reports from three different companies all within the same industry. One of the reports should come from a U.S. company, one report should come from a company based in a country other than the U.S. (preferably a company that has its stock traded on one of the U.S. stock exchanges and the third company may come from either sector.

Outline a review about the audit and the auditor's opinions for each of the three annual reports.

a. Who was the auditor? What type of opinion did they give?

b. Were there any limitations on the scope of their audit?

c. Are there any interesting footnotes or situations described in the report?

d. Is there any mention of issues with the economy in the report?

e. Do the reports follow GAAS?

f. Do the reports include an accompanying audit report on management's report on internal control over financial reporting?

g. Feel free to make any additional comments that you think may be useful to someone who reads your project report.