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Discussion Question 1642

Many companies post theirfinancial statements and auditor’s report on their home pages, generallyunder a heading labeled “investor relations.” Use one of the Internetsearch engines to do the following:

a. Visit Intel’s ( and Microsoft’s ( home pages and review their financial statements, including their auditors’ reports.

b.Search the web for the home page of a non-U.S. company and review itsfinancial statements, including its auditor’s report. For example, BMW’shome page ( )under Investor Relations) allows a visitor to download the financialstatements and accompanying audit report as a .pdf file. Identify theauditing standards followed by the company’s auditors. Include thewebsite link or .pdf with your submission.

c. Compare the standardU.S. audit report with the audit report for the non-U.S. company (e.g.,BMW). Note that in some cases, non-U.S.-based companies’ reports use aU.S. audit report.

d. Visit the SEC’s website (,and find the link for EdgarScan. Find, download, and save as a .pdf theauditor’s report for a U.S. company of your choice. Identify whether ornot the audit report is an unqualified, or “clean,” opinion and explainhow you could tell. Include the .pdf with your submission.

Please include the links to the financial statements you use. Points will be deducted for poor grammar and misspelled words.

**Discussion means discussion!More is expected from a discussion question than a few brief sentences.Be sure to fully discuss the topic. Three points will only be awardedfor submissions that fully address each topic.

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