Based on the selected public traded company, what type of auditor’s report was issued on the financial statements.

Select a publicly traded company using the U.S. Securities and Exchange Commission (SEC) EDGAR System at http://sec.gov/edgar/searchedgar/companysearch.html and submit to the instructor for approval. Please note that each student must research a different company. Once the instructor has approved the company selection, obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company for the immediate past fiscal year. Review these documents in addition to Earnings Releases and other financial information available on the company’s Investor Relations website to evaluate the following items.

Independent Auditor’s Report

• Based on the selected public traded company, what type of auditor’s report was issued on the financial statements.
• What kind of evidence the auditors found that indicated the company did not follow Generally Accepted Accounting Principles (GAAP).

Audit Committee

• Identify members of the Audit Committee of the Board of Directors, its functions, and number of meetings held.
• Determine if the composition of this committee satisfies Public Company Accounting Oversight Board (PCAOB) requirements in terms of independence and accounting knowledge.
• Review the audit committee report and discuss Committee actions. Determine how these actions ensure the integrity of the audited financial statements.