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Case Study: Stanley Black & Decker Inc.

1401 Words6 Pages

Management in any corporation play an important role, and have many responsibility in order to meet the corporation objectives .the responsibility of management of Stanley black & Decker INC. is to establish and maintain sufficient internal control over financial statement. Internal control over financial statement reporting is process provided to ensure the reliability of financial reporting and preparing financial statement for reporting external purpose m according to general accepted in united state of America.
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Question: 1
Yes there is an exception, as there is some exception in the report, this means that its unqualified report. There are other types of reports: -Qualified opinion, when one or more items in the financial statement are not following the GAAP -Adverse opinions when the financial statements are not fairly presented according to GAAP -Disclaimer of opinion: when they are not able to determine an opinion due to a very significant switch in the way of preparing the financial statement without any consideration to GAAP …………………………………………………….
Question: 2
The financial statements that have been audited are …show more content…

3_preform more duties to promote high level of professional standard for audits 4_ provide inspection on the resisted public accounting

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