Description
Research Assignment on Berkshire Hathoway, Please answer the attached questions (16) about the company, Go to company's website
Use the most recent filings to answer the questions, Please attach copies of the applicable pages from the filings to support answers.
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Explanation & Answer
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Running head: Annual report/10k Research Exercise
Annual report/10k Research Exercise: Berkshire Hathaway
Name:
Institution affiliation:
Date:
1
Annual report/10k Research Exercise
2
Annual report/10k Research Exercise
1)
Berkshire Hathaway’s outside auditors in 2017 were Deloitte & Touche LLP. Their
opinion with regard to the financial statement presented by the company was that Berkshire
presented its financial position as per the accounting principles generally accepted in US.
Additionally, in all materials presented the company had maintained an internal control that was
effective over financial reporting as per the criteria stipulated in the Integrated Framework that
was issued by COSO in 2013 (P g K-61)
2)
Risks that may affect the company’s operations include; Equity price risk, Interest rate
risk, foreign currency risk as well as Commodity price risk (P g K58- K60).
3)
Management of Berkshire Hathaway Inc. identified new acc...
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