Walgreens
Walgreens Co – Progress Report 1
Company Background:
A) What is the ticker symbol of your company? Identify the stock exchange(s) where your company stock trades.
The corporate name of the Walgreens drugstore chain is Walgreens Co, as identified on Form 10-5 (SEC Filing). The company is traded in the NYSE under the ticker symbol ‘WAG’.
B) Read the auditor’s report included in the annual report of the company and explain its purpose. Identify the name of the auditing firm.
Walgreen’s was audited by Deloitte & Touche LLP, based in Chicago, Illinois. The annual report and subsequent audit data was reported for the fiscal year ended 8/31/11.1 The ‘Report of Independent Registered Public Accounting Firm’ certifies that the named accounting company has performed a comprehensive overview of the audited company’s financial records. It further certifies the accounting company’s opinion on whether the financial information provided by the audited company is correct in regard to the application of generally accepted accounting principles. The auditor’s report also provides the accounting company’s opinion on whether the financial information supplied is a fair representation of the audited company’s financial position. The auditor’s report also contains information and a disclaimer regarding the internal controls of the audited company. The financial information provided is subject to the effectiveness and accuracy of the internal controls to computer accurate data.
C) Briefly explain the major operations of your company. What products does it sell/or services does it render? Identify major competitors of the company.
Walgreens is the nation’s leading retail pharmacy and drug store chain. Starting with a single location in Dixon, IL in 1901, Walgreens has grown to 7,500+ (as of 2010) locations throughout the United States. Walgreens employs approximately 244,000 people nationwide and services 5.9 million customers daily. They are
Company Background:
A) What is the ticker symbol of your company? Identify the stock exchange(s) where your company stock trades.
The corporate name of the Walgreens drugstore chain is Walgreens Co, as identified on Form 10-5 (SEC Filing). The company is traded in the NYSE under the ticker symbol ‘WAG’.
B) Read the auditor’s report included in the annual report of the company and explain its purpose. Identify the name of the auditing firm.
Walgreen’s was audited by Deloitte & Touche LLP, based in Chicago, Illinois. The annual report and subsequent audit data was reported for the fiscal year ended 8/31/11.1 The ‘Report of Independent Registered Public Accounting Firm’ certifies that the named accounting company has performed a comprehensive overview of the audited company’s financial records. It further certifies the accounting company’s opinion on whether the financial information provided by the audited company is correct in regard to the application of generally accepted accounting principles. The auditor’s report also provides the accounting company’s opinion on whether the financial information supplied is a fair representation of the audited company’s financial position. The auditor’s report also contains information and a disclaimer regarding the internal controls of the audited company. The financial information provided is subject to the effectiveness and accuracy of the internal controls to computer accurate data.
C) Briefly explain the major operations of your company. What products does it sell/or services does it render? Identify major competitors of the company.
Walgreens is the nation’s leading retail pharmacy and drug store chain. Starting with a single location in Dixon, IL in 1901, Walgreens has grown to 7,500+ (as of 2010) locations throughout the United States. Walgreens employs approximately 244,000 people nationwide and services 5.9 million customers daily. They are