Read through the most recent 10-K of NIKE. You will focus on the Notes to the Financial Statements and Critical Audit Matters sections. Then prepare a report summarizing the Notes to the financial statements and discussing areas of concerns for auditors (Critical Audit Matters). The assessment of the company's accounting policies will allow to also examine the effects of these policy choices on the quality of financial reporting and on the previously computed financial ratios. You do not have to discuss in detail all the topics in the Notes. Provide an informative analyses of the items that are particular importance to your company and its industry. For example, for a retail company, the accounting for inventories is extremely important.

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