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Auditing Discussion of Article on Krispy Kreme

Question

Read the article on Krispy Kreme:

http://money.cnn.com/2004/10/08/news/midcaps/krispykreme/index.htm

Where were the auditors?  (You do not have to answer this one.)  Who was Krispy Kreme’s auditor for 2003 (Fiscal Year ended February 1, 2004)?  How about 2004 (Fiscal Year ended January 30, 2005) and 2005 (Fiscal Year ended January 29, 2006)?  Look at the auditors report for 2003.  Did the auditors give Krispy Kreme a good report for the 2003 financial statement audit?  What language in the report helped you come to this decision?  Turn in the name of the auditor, whether they gave a clean report, and the language that led to your decision.  What about 2004 and 2005 (List the same things you did for 2003)?

Summary

This question belongs to accounting and discusses about an article on Krispy Kreme.

Total word count: 461

 

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