Question: Chapter 0 1 Problem 1 - 2 7 LO 1 - 7 Many companies post their financial statements and auditor's report on their home pages,
Chapter Problem LO Many companies post their financial statements and auditor's report on their home pages, generally under a heading labeled "Investor relations." Use one of the Internet search engines to do the following: Required: a Visit apple's wwwapple.com and Microsoft's wwwmicrosoft.com home pages and review their financial statements, including their auditors' reports. Hint: Look for the auditor's opinion in the company's annual report under an "investor relations" or "investors" tab. b Search the web for the home page of a nonUS company and review its financial statements, including its auditor's report. For example, BMWs website wwwbmwgroup.com, under Investor Relations allows a visitor to download the annual report, which includes the financial statements and accompanying audit report as a pdf file. Identify the auditing standards followed by the company's auditors. c Compare the standard US audit report with the audit report for the nonUS company eg BMW Note that in some cases, nonUSbased companies' reports use a US audit report. d Visit the SEC's website wwwsecgov and find the link for Edgar Search tools. Find, download, and print the auditor's report for a US company of your choice. Identify whether or not the audit report is an unqualified, or "clean," opinion and explain how you could tell.
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