Many companies post their fi nancial statements and auditor’s report on their home pages, generally under a heading labeled “investor relations.” Use one of the Internet search engines to do the following:

1-      Many companies post their fi nancial statements and auditor’s report on their home pages, generally under a heading labeled “investor relations.” Use one of the Internet search engines to do the following:

a. Search the World Wide Web for the home page of one or more companies and review their financial statements, including their auditor’s report. Identify the auditing standards followed by the companies' auditors. For example, BMW’s home page ( www.bmwgroup.com ) allows a visitor to download the financial statements as a .pdf file.

b. Compare the audit report for company (e.g., BMW) with the earthwear's audit report in exhibit 1-1.  

2-      Using an Internet browser, identify five Internet sites that contain accounting or auditing resources. For each site identified, prepare a brief summary of the types of information that are available. For example, the international federation of accountants' (IFAC) home page ( www.ifac.org ) contains extensive information on the organization’s activities.

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