Discussion Post: SEC 10-K Income Statement and Notes to the Financial Statement
Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These "notes" are displayed after the financial statements.
• Inventory comments: comment on inventory issues using the concepts of materiality and geographic location.
• Inventory and Sales: comment on issues related to diversity in customer base and issues of internal control.
• Accounts Receivable and Sales: comment on issues related to the selling and distribution system of your SEC 10-K company and issues of fraud as well as internal control.
• Challenges and opportunities you see as you relate our auditing topics to your company. Details are high level in the SEC 10-K but organizations rely on Auditing concepts, as they prepare for the audits and as part of their internal control process.
The postings for the SEC 10-K company should assist you with your SEC 10-K paper and project.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.