Business Application CaseUnderstanding real-world annual reports
Required
Use the Target Corporation‘s annual report in Appendix B to answer the following questions.
a. Who are the independent auditors for Target?
b. What type of opinion did the independent auditors issue on Target’s financial statements?
c. On what date does it appear the independent auditors completed their work related to Target’s 2008 financial statements?
d. Does the auditors’ report give any information about how the audit was conducted? If so, what does it suggest was done?
e. Does the auditors’ report tell the reader that the audit was concerned with materiality rather than absolute accuracy in the financial statements?
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