SEC Registrants
To successfully complete this case you will need to search for and analyze various reports and information contained on the selected Company’s web site and/or on the SEC web site and perhaps, other sites as well. The financial and proxy information should be from the most recently filed Annual Report on Form 10 K (which for many companies on the list could be the year ended December 31, 2020) and the Proxy Statement, which for December 31, 2020 year-end companies was most likely filed in the March to May, 2021 timeframe. In preparing your report, where noted in each question, please set forth the exact source of the information you cite for each question. s, you may wish to include a copy of certain documents as an attachment to your case.
PICK YOUR OWN COMPANY – INDIVIDUAL PROJECT
1. Briefly describe :
a. the company,
b. the location of its corporate headquarters,
c. its business,
d. its area of operations,
e. major products
f. operating segments,
g. major competitors,
2. Describe at least 5 risk factors and the possible impact on the Company if it does not successfully manage these risks.
a. Why would auditors want to know about their clients’ business-related risks?
3. Describe The Company’s audit committee and its duties.
a. Who is the designated financial expert on the audit committee Does the designation as only one individual as a financial expert seem adequate for the complexity of The Company and the requirements of the Sarbanes-Oxley Act?
b. Review the audit committee’s report and describe its primary contents.
c. Describe the Audit Committee Charter
4. Who is the auditor for The Company?
a. What were the fees charged for audit services for each of the last two fiscal years?
b. What were the type and amounts of other fees for services for each of the last two fiscal years?
c. Describe and conclude on the process used by the Audit Committee to determine the independence of the independent registered public accounting firm.
