Accounting Group Project #1

Identify a public company of interest, AMAZON.  Locate and review closely the company’s most recent Annual Report or Form 10-K (including

the MD&A and the notes to the financial statements) and respond to the requirements below.

5)  Discuss the opinions of company management and the external auditors regarding the company’s

internal controls (as often described in the MD&A / notes to the financial statements and the

independent auditor’s report), including controls over financial reporting and disclosure controls.

7)   Describe briefly the long-lived assets (PP&E, intangibles, and/or natural resource assets) in use by

the company and any related accounting issues; also identify the depreciation / amortization /

depletion method(s) used along with notable related estimates (such as useful lives).