Need this back today also, please. Thank you. Question 4 4) Who is responsible f

Question

Need this back today also, please. Thank you.

Question 4

4) Who is responsible for

      a) the issuance, and

      b) the content

of the company financial statements? (Note: this information may be difficult to find. Look for statements by management and the independent auditing firm.)

Answer: I looked in Documents not the Interactive Data. On page 108 I learned that “These financial statements are the responsibility of the Company’s management.” This was in the Report of the Independent Registered Public Accounting Firm. On page 111, I learned about the responsibility of management for internal controls in section 9A. On page 199 I learned that the primary signature was from Tammy Romo, Executive Vice President and Chief Financial Officer. On page 120 I saw the signatures of Gary C. Kelly, Chairman and Chief Executive Officer; Tammy Romo; Ron Ricks, Vice Chairman of the Board; and all directors.

Southwest information from:

https://www.sec.gov/Archives/edgar/data/92380/000009238016000175/luv-12312015x10k.htm#s33F2C1321617BA7BB9B30236ED8E4834

Explanation / Answer

Clearly the the responsibilty for the issuance of financials statements and the contents of financial statements are primary reposnibility of company s management, audtior simply expresses his opnion on financial staements sp he is responsible for the content but cannot be held libale for it, ultimately it is the managements liabilty.

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