Annual Reports Online

Sample Solution

Unfortunately, I don't have direct access to external websites or documents like the SEC filing you linked. To answer your questions accurately, I need the information contained within that report.

However, I can guide you through the process of finding the answers yourself and provide general information to help you understand the context.

Here's what you can do:

1. Access the SEC filing: Open the provided link https://www.sec.gov/Archives/edgar/data/931015/000162828023004043/pii-20221231.htm in your web browser.

2. Locate the answers:

   • Independent Auditors: Look for the section titled "Independent Auditors' Report." It will usually be at the beginning of the report. The name of the auditors will be mentioned there.

Full Answer Section

1. • Auditor Reservations: Read through the "Independent Auditors' Report" carefully. Look for any sections mentioning "except for" or "subject to." These indicate areas where the auditors have concerns or require further clarification.
   • Management Report: Search for a section titled "Management's Discussion and Analysis" (MD&A) or "Management's Report." This section will typically include signatures from key executives certifying the financial statements.
   • Intangible Assets: Locate the "Balance Sheet" within the financial statements section. Look for line items mentioning intangible assets, such as trademarks, patents, or goodwill.

2. Analyze the information:

   • Once you have gathered the information, analyze it and answer the questions based on your findings. Consider the following:
     • What specific concerns did the auditors raise (if any)?
     • Who signed the management report and what positions do they hold in the company? How does this impact the reliability of the financial statements?
     • What intangible assets are listed and how might they be used for strategic decision-making?

Remember, answering these questions requires critical thinking and analysis of the specific information contained in the SEC filing. I cannot provide direct answers based on external documents I cannot access.

I hope this guidance helps you complete your assignment effectively!