financial reporting project

financial reporting project - Financial Reporting Project...

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Financial Reporting Project Progress Report 1 Professor Jackson 8am M, W, Th Bank of America Milton Marshall Bridget Horan Sidoney Chin
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The ticker symbol of Bank of America is BAC. The Bank of America (BOA) stock is traded on the New York Stock Exchange, London Stock Exchange, Pacific Stock Exchange, Tokyo Stock Exchange, and the American Stock Exchange. The purpose of the audit is to have a third party assess the financial reports of the company. They have the responsibility of assuring outside entities such as suppliers, lenders, and customers that the financial information provided by the company is accurate and truthful and that management has effective control. PricewaterhouseCoopers (BOA’s auditors), affirms the Board of Directors and shareholders that BOA’s financial statements and management control are truthful and effective from what they have discovered. The Global Consumer and Small Business Banking segment offers traditional saving and checking accounts, credit cards, mortgages, and insurance. The Global Corporate and Investment Banking segment commissions loans, and offers a variety of advising services. The Global Wealth and Investment Management segment offers planning, investment and other services to clients of high net-worth, whether they be individuals or firms. BOA’s stock closed at 45.03 on Friday, February 1, 2008. It opened at 39.43 on Monday,
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This note was uploaded on 04/08/2008 for the course ACC 201 taught by Professor Jackson during the Spring '08 term at Northeastern.

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financial reporting project - Financial Reporting Project...

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