Review Of The Under Armour Audit Coursework Report (Coursework Sample)

Review of the Under Armour Audit report
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Review of the Under Armour Audit report
The navigation to the Form 10-K report of the company entails a simultaneous process. The process involves access to the SEC website whereby loads of companies databases are held and accessible upon request. The search for the “Under Armour Company” returns multiples classes of documents which exist in the database. Nonetheless, the central focus is on the content of the Form 10-K which constitutes of the company’s financial report. The Form 10-K discloses all the necessary information relating to end-year comprehensive report of the firm. The auditor’s report is presented on the Form 10-K as item 15 (part IV) namely under heading “Report of Independent Registered Public Accounting Firm.”
A concise review of the auditor’s report for Under Armour Inc. reveals that the auditors render an unqualified opinion. The unqualified opinion provides that the company presents its financial statement in relation to complying with all material requirement reasonably. The auditors’ independent opinion confirms that the firm’s presentation of the financial statement is in line with GAAP principles (Under Armour Annual Report, 2017). The unqualified opinion renders a clean bill of health for the financial accounting approach of the entity and its subsidiaries.
The auditors’ report also reveals the appropriate measures put in place by the compa...