statements in general. Argue for providing both a qualified opinion over the financial reporting system and an unqualified opinion on the financial statements.
Week 9 Discussion 2 " Apple, Inc." Please respond to the following:
� From the case study, in 2009, the FASB issued a ruling related to income recognition from multiple element sales involving software to various stakeholder groups. Evaluate the impact of Apple’ s retrospective restatement of its financial statements resulting from FASB’ s ruling. Provide support for your rationale.
� From the case study, examine the influence of both Apple’ s reported deferred revenue and the lobbying by Apple executives on FASB’ s ruling. Indicate your agreement or disagreement with Apple’ s attempt to influence FASB’ s ruling.