Instructions:
After completing the reading assignments and watching the Hall lecture, write a 3-page (minimum 750 words) response to the following question (do not use the question in your response):
• Part A. Explain the various ways in which an investor may obtain a copy of a corporate annual financial report, and how this has changed over the last 30 years. Make sure that you include a discussion of EDGAR, websites, PDF, and XBRL.
• Part B. Discuss the various types of audit opinions. Discuss the implication of requiring audits for one’s view of human nature.
Content:
Financial Report and Auditing
Students Name
Institutional Affiliation
Financial Report and Auditing
Part A
Many times, both experienced and armature investors tend to find difficult obtaining a copy of a corporate annual report. The problem is more difficult especially when an investor is looking for a financial reports of the private companies. Due to this difficulty, many companies as well as experts have have come with solutions or ways to help investors accessing companies annual financial reports. Therefore, this part of the paper highlights ways in which investors can acquire copies of company’s financial reports and how this has changed has changed over last 30 years.
One of the methods that the investors can obtain this copies by subscribing to annual updates through mails (Gitman, Joehnk, & Billingsley, 2013). Some companies have all the necessary financial reports mailed to their shareholders. Companies do this to ensure both the highly interested and the least interested investors have obtain these documents through their email. As much a method has suffered challenges such as having some investors ignoring the mails, it has served better to the
...
