answered:   The financial statements for your company are usually posted in Item 8 of the SEC 10-K document.

 

  1. The financial statements for your company are usually posted in Item 8 of the SEC 10-K document.
  2. Search for the auditor’s report.
  3. Consider the topic of internal control and who is responsible for Internal Control. The auditor’s report describes their role in evaluating internal control but internal control is the responsibility of company management. Notice how these concepts are described as you read the auditor’s report and the letter from management (that management ‘signs’ with their names.
  4. For your SEC 10-K report, as you read the auditor’s report, consider information identified as Critical Audit Matters (CAM). Are there any CAM items? What are they (use the section titles)?

Discussion Requirements

1. Answer the following questions.
2. Do not cut and paste from your company SEC report.

  • What is the name of the auditor?
  • Looking at their signature, what city do you see?
  • The first page of the SEC 10-K is very standard and lists two key locations. Using this information, post the state of incorporation and the city and state of the corporate headquarters for your SEC 10-K.
  • Returning to Item 8, near the auditor’s report (this is the letter they sign, giving their opinion on whether the financial statements are fairly presented in adherence with U.S. GAAP), locate the letter regarding internal control. This letter is signed by the company’s management. What are their names and titles? Some companies list all officers whereas others list only the chief executive officer (CEO) and the chief financial officer (CFO). The SEC only requires the signatures of the CEO and CFO.
  • List the topic headings from the auditors’ report on Critical Audit Matters. Examples might be Internal Control  or  Inventory  or Goodwill Impairment.  Critical Audit Matters are near the end of the report. The report is actually a letter from the audit firm to the company Board of Directors. 

Johnson and Johnson

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more