Refer to the TELUS's financial statements in Appendix A at the end of this book . Requirements

Question:

Refer to the TELUS's financial statements in Appendix A at the end of this book .

Requirements

1. Review the Report of Management on Internal Control over Financial Reporting and answer the following questions:

a. Who prepared the consolidated financial statements?

b. What was management responsible for?

c. Does management report any problems with internal controls during the year?

2. What was the difference between TELUS's net income and comprehensive income for 2011? What caused this difference?

3. What component of owners' equity changed the most during 2014? What caused this large change?

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...