Financial Report and Auditing Project Assignment Paper

Financial Report and Auditing
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Institutional Affiliation
Financial Report and Auditing
Part A
Many times, both experienced and armature investors tend to find difficult obtaining a copy of a corporate annual report. The problem is more difficult especially when an investor is looking for a financial reports of the private companies. Due to this difficulty, many companies as well as experts have have come with solutions or ways to help investors accessing companies annual financial reports. Therefore, this part of the paper highlights ways in which investors can acquire copies of company’s financial reports and how this has changed has changed over last 30 years.
One of the methods that the investors can obtain this copies by subscribing to annual updates through mails (Gitman, Joehnk, & Billingsley, 2013). Some companies have all the necessary financial reports mailed to their shareholders. Companies do this to ensure both the highly interested and the least interested investors have obtain these documents through their email. As much a method has suffered challenges such as having some investors ignoring the mails, it has served better to the concerned investors (Gitman, Joehnk, & Billingsley, 2013).
Another method that investors can obtain this copies is through by visiting the SEC's Edgar system where nearly all companies submit their financial information. SEC's Edgar system is an online database that permits investors to asses or download to view or download the financial statements issued by thousands of companies (Gitman, Joehnk, & Billingsley, 2013). The website are comprehensive and designed to specifically target expert investors and this allows easy navigation around the website. In addition, downloads are made free and of vast range to offer users with an extensive variety of choice. Relatedly, some companies keep their personal database website that houses all relevant and essential financial information (Gitman, Joehnk, & Billingsley, 2013). For instance, this websites provides investors with documents such as annual reports, earning press release as well as important financial announcement. Similarly, other companies also provides conference calls and investors presentation transcripts on this websites
Apart from the Edgar system, another site that an investor can explore while looking for financial copies is the last10k.com (Nelson & Tracy, 2012). The site has a user friendly interface that employs more advanced and standard approaches for navigation. The procedure of obtaining materials are easier as users are only required to search companies by names or symbol. Thereafter, they can select any kind of the annual 10-K reports they are interested in at that time (Nelson & Tracy, 2012).
Another way that can an investor can user to acquire this information is the through Dun & Bradstreet, a report commonly referred as an international credit report (Delaney & Whittington, 2010). However, these services come at a valuable cost of $ 500 as they comprises of complete audited statements for companies that willingly avail them to boost their share and credit ratings. Dun & Bradstreet specifically store financial companies for American companies, ...