Chapter 9, Problem 17CDQ

To determine

Annual Report:

All the public limited companies have to prepare annual report yearly. Following are the information available in Annual report:

• Company's financial status
• Risk of the company and its competitors
• Summary of the company's growth policies its brands

Thus annual report provides complete information about the financial position of the company which is helpful in better decision making by investors

To describe:

The reports provided by independent auditors in the annual report.