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 01 Problem 1-27 LO 1-7 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 (www.apple.com) and Microsoft's (www.microsoft.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 non-U.S. company and review its financial statements, including its auditor's report. For example, BMW's website (www.bmwgroup.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 U.S. audit report with the audit report for the non-U.S. company (e.g., BMW). Note that in some cases, non-U.S.-based companies' reports use a U.S. audit report. d. Visit the SEC's website (www.sec.gov), and find the link for Edgar Search tools. Find, download, and print the auditor's report for a U.S. 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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