Use the information given in this report to answer the following questions:
Company Name ________________________________
Financial Year ______________________
- Locate the report and review it. Make note of who the independent auditors are.
- If you were an auditor, what would you have “auditor reservations” or anything that you would flag with the term “except”? Give details and defend your answers.
- Locate the report of management. Since the passage of the Sarbanes-Oxley Act in 2002, corporate management must certify these financial results. Who signed the management report? What impact do the people who signed the report have on the organization? How is this important?
- Which intangible assets are listed on the balance sheet? How can organizations utilize this information when making strategic decisions?
