Question: The General Mills 2002 Annual Report is reproduced in Appendix B at the end of the text. Required Answer the following questions about the General

The General Mills 2002 Annual Report is reproduced in Appendix B at the end of the text.

Required
Answer the following questions about the General Mills Report of Management
Responsibilities and the Report of the Independent Public Accountants.
A. Who is responsible for the accounting numbers in the annual report?
B. What safeguards are in place to ensure the accuracy of the reported numbers?
C. Does the independent accountant state that the reported amounts are correct? What does the CPA assure?
D. Why does General Mills hire a CPA to audit the financial statements?

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