Management has latitude under GAAP in selecting accounting methods, Finance discussion questions help

1. Management has latitude under GAAP in selecting accounting methods. What are some of the areas in which different methods can affect the reporting of financial results?2. Why is it important for an analyst to review the “Auditor’s Opinion” in a company’s financial statements? What does the Auditor’s Opinion in Amazon.com Inc. Form 10K report reveal to shareholders and analysts? Should the Auditor’s Opinion contain more or less information?3.Why is it important for an analyst to carefully examine the non-recurring transactions including write-downs, accounting changes, and extraordinary items? What write-downs, accounting changes, and extraordinary items are revealed in Amazon.com Inc. Form 10K repor?Write at least one paragraph for each question. Provides references.