Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These "notes" are
displayed after the financial statements.
1. Inventory comments: comment on inventory issues using the concepts of materiality and geographic
2. Inventory and Sales: comment on issues related to diversity in customer base and issues of internal
3. 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.
4. Challenges and opportunities you see as you relate our current textbook 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.
Costco the company