Access the annual report for Air Canada for itsDecember 31, 2014 fiscal year end from SEDARor the company's website (www.aircanada.com).Also, access the annual report for the year endedDecember 31, 2014 for British Airways ple from the company'sparent website (www.iagshares.com).

Instructions
(a) What specific items do the airlines discuss in their accounting policies notes? (Prepare a list of the headings only.)
(b) Note the similarities and differences in regard to thesenotes. Comment on these and relate them to the nature ofthe two businesses.
(c) For what lines of business or segments do the companiespresent segmented information? What information is provided by segment? Which note disclosure is most useful and why?
(d) Note and comment on the similarities and differences between the auditors' reports submitted bythe independent auditors.