Question: For Apple fiscal year 2022, complete the attached spreadsheet showing their audited 2022 net income, as well as the unaudited quarterly net income for the

  1. For Apple fiscal year 2022, complete the attached spreadsheet showing their audited 2022 net income, as well as the unaudited quarterly net income for the year.
  2. Find the income statement page. Highlight net income in yellow and attach just that page.
  3. Find the note for quarterly net income. Highlight quarterly net income and the word unaudited in green and attach just that page.
  4. Choose another company of your choice. Please complete all the spreadsheet cells for that company in the column to the right of Apple.
  5. Attach the full annual report for the other company.
  6. Attach items 2 and 3 for the other company.
  7. After completing the work above do you better understand why auditors do not need to highlight that the quarterly information is unaudited? Explain.

  1. Explain what a limited procedure is in the context of quarterly information.

  1. Comment on anything else you observed or learned while doing this assignment.

Company 2
Company Name Apple
Net Income, USD In millions
2022 (or most recent year) audited
Unaudited:
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Quarterly totals
Audited minus quarterly totals
Should equal zero. Does it?

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