Using the Annual Report of Apple answer the following questions... http://invest

Question

Using the Annual Report of Apple answer the following questions... http://investor.apple.com/secfiling.cfm?filingid=1628280-16-20309&cik=320193.... USE THE WEBSITE FOR THE REPORT

What is the name of the outside auditing firm for your company?

How long after the company's year-end did the auditor's issue their opinion?

Who bears primary responsibility for maintaining effective internal control over financial reporting? How can you tell?

Does it appear the company has adequate internal control procedures? How can you tell?

Explanation / Answer

1) EXTERNAL AUDITORS IN YEAR 2016 WERE ERNST & YOUNG , CALIFORNIA USA

2) AUDIT OPINION WAS GIVEN ONE MONTH, AFTER YEAR ENDED (SEP 24 2016) ON 16 OCTOBER 2016

3) EXECUTIVE DIRECTORS OF THE BOARD OF APPLE INC BEAR PRIMARY RESPONSIBILITY FOR MAINTAINING INTERNAL CONTROL OVER FINANCIAL REPORTING

4) THE AUDITORS GAVE AN UNQUALIFIED OPINION ON THE INTERNAL CONTROL - INTEGRATED FRAMEWORK issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework)

5) It is generally not possible for an auditor to give a clean report in such a short time as one month for an audit involving more than 12 months ( two years) unless the company had strict procedures and gave answers to all audit queries and auditors were satisfied. Thus we could surmise that their internal control procedures were adequate.

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