The Walt Disney Company trades on the New York Stock Exchange under the ticker symbol DIS. This information is included in the Annual Financial Report on page 118. Another section of the annual report includes the Auditor’s Report. The purpose of the auditor’s report, which appears on page 70, is to confirm that the reports included in the Fiscal Year 2011 Annual Financial Report and Shareholder Letter “present fairly, in all material respects, the financial position of The Walt Disney Company and its subsidiaries (the Company)” and that it is “ in conformity with accounting principles generally accepted in the United States of America.”. This means that the shareholders are getting a clear financial picture of the company, and that it is in a standard format. The auditing firm for Walt Disney Company’s Annual Report for the Fiscal Year 2011 was Price Waterhouse Cooper, LLP
The Walt Disney Company an entertainment company. It has “five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media.” . Because of its many different divisions and products, it also has many different competitors. The amusement parks in its Parks and Resorts division compete with other parks like Hershey and Great Adventure. The cruise ships, which are also in its Parks and Resorts division, compete with other lines like Carnival and Celebrity Cruses. The movie division, part of Studio Entertainment, gets competition from other studios and the toy division, from the Consumer Products Segment has thousands of other competitors. However, there is no other entertainment company as large and diversified as Walt Disney Company. The closing price of the stock on February 27, 2012 was $41.64
Works Cited
"Annual Financial Report And Shareholder Letter, Fiscal Year 2011." January 2012. The Walt Disney Company. 12 3 2012
Audit Committee of the Board of Directors. "CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS." Walt Disney Company. 12 3 2012
Yahoo Finance. "Walt Disney Company (The) Commo (DIS)." 12 3 2012. Yahoo Finance. 12 3 2012
