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KKP1 ( kuis 3)

  1. The EDGAR web site describes many SEC-required forms. Explain the purpose of each of the following SEC forms:
    • Form 8-K
    • Form 10-K
    • Form 10-KSB
  1. Search EDGAR for the 10-K filings of the three companies listed below. Within the 10-K filings locate the independent auditor’s report and identify the type of opinion it is (e.g., unqualified, qualified, disclaimer, adverse) and what type of explanatory paragraph, if any, the opinion contains (e.g., going concern or emphasis of a matter). (Hint: You may be able to search the company’s 10-K by using the Internet browser’s “Find” command typically located in the “Edit” menu.)
    • General Motors Corporation (10-K filed 3-13-2003)
    • Ford Motor Company (10-K filed 3-14-2003)
    • The Home Depot (10-K filed 4-21-2003)


1.a Form 8-K  is a report that publicly traded companies must file with the Securities and Exchange Commission (SEC) to announce major events. The purpose of an 8-K is to inform investors of material occurrences that fall between the issuance of the regular periodic reports filed with the SEC, namely the 10-Q and 10-K. In most cases, an 8-K must be filed within four days of the event; thus an 8-K is also known as a “current report.” The SEC has issued detailed regulations describing the instances that require an 8-K filing. An 8-K must be submitted upon the resignation of a director, a change in the company’s fiscal year, or a change in its certifying accountants. Other events that require an 8-K filing include the acquisition or disposition of a significant amount of assets, as well as a declaration of bankruptcy. Note that the 8-K is among the forms included in the SEC’s EDGAR database, and thus 8-K’s can be read online and for free.

b.  Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a public company‘s performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy “annual report to shareholders”, which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document). The 10-K includes information such as company history, organizational structure, executive compensation, equity, subsidiaries, and audited financial statements, among other information.

c. While the Form 10-KSB  is the annual report filed by reporting “small business issuers.” It provides a comprehensive overview of the company’s business, although its requirements call for slightly less detailed information than required by Form 10-K. The report must be filed within 90 days after the end of the company’s fiscal year.

2.A.To the Board of Directors and Stockholders Ford Motor Company:

In addition, in our opinion, the accompanying sector balance sheet and the related sector statements of income and cash flows, presented for purposes of additional analysis, present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.

/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Detroit, Michigan
January 17, 2003

B. GM motor Independent Auditors’ Consent

We consent to the incorporation by reference of our report dated January 16, 2003 (which report expresses an unqualified opinion and includes an explanatory paragraph relating to the Company’s change in its method of accounting for goodwill and other intangible assets), appearing in this Annual Report on Form 10-K of General Motors Acceptance Corporation for the year ended December 31, 2002, in the following registration statements:


Detroit, Michigan
March 13, 2003

Source : http://www.sec.gov/Archives/edgar/data/40729/000095012403000626/k74335exv23w1.htm

C. The Home Depot, Inc.:

     In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of The Home
Depot, Inc. and subsidiaries as of February 2, 2003 and February 3, 2002, and
the results of their operations and their cash flows for each of the years in
the three-year period ended February 2, 2003, in conformity with accounting
principles generally accepted in the United States of America.

Atlanta, Georgia
February 24, 2003 

Source    : http://www.sec.gov/Archives/edgar/data/354950/000095014403005180/g81844exv13.txt

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