company: Apple Inc

Completed by: Client Name: Entity and Environment Category: Nature of the Entity Year ended: Reviewed by: Response Possible Effect(s) on the Audit Business Risk Factors What are the entity's major sources of revenue and what is the nature of its products and/or services? Who are the entity's key customers? Who are the entity's key suppliers? What is the nature of the entity's organizational structure? Where are its major locations? What are the entity's major assets? What are the entity's major liabilities? What are the entity's sources of financing, and current and prospective financial condition? (Note that your ratio analysis may help answer this question.) Are there any potential related parties? Were there any significant events and transactions (e.g., acquisitions or disposals of subsidiaries, businesses, or product lines) during the year? Does the entity have any major uncertainties or contingencies (e.g., lawsuits)? Completed by: Client Name: Entity and Environment Category: Nature of the Entity Year ended: Reviewed by: Response Possible Effect(s) on the Audit Business Risk Factors What are the entity's major sources of revenue and what is the nature of its products and/or services? Who are the entity's key customers? Who are the entity's key suppliers? What is the nature of the entity's organizational structure? Where are its major locations? What are the entity's major assets? What are the entity's major liabilities? What are the entity's sources of financing, and current and prospective financial condition? (Note that your ratio analysis may help answer this question.) Are there any potential related parties? Were there any significant events and transactions (e.g., acquisitions or disposals of subsidiaries, businesses, or product lines) during the year? Does the entity have any major uncertainties or contingencies (e.g., lawsuits)