Apollo Shoes Audit Engagement

May 21, 2012 Darlene Wardlaw Apollo Shoes 100 Shoe Plaza Shoetown, ME 00001 sexual love Ms. Wardlaw: This letter is to put up our understanding of the arrangements for our visit of the monetary statements of Apollo Shoes for the year shutdown declination 31, 2011. We depart canvas the gilds pecuniary statements for the year ending December 31, 2011, for the purpose of evidenceing an opinion on the fairness with which they present, in in all tangible respects, the fiscal position, results of operations, and capital flows in conformity with by and large accepted accounting principles (GAAP) in the United States. Under GAAP, it is ask that we obtain reasonable, sanction that the financial statements are free of material misstatement. Under GAAP, it is not required that assurance be absolute. We will look for material misstatement such(prenominal) as accidental or wise(p) untrue financial statement information that influences a companys ho nor or price of stock, caused by phantasm or fraud. However, a material misstatement may remain undetected. In addition, the canvass is not intentional to detect error or fraud that is extraneous to the financial statements.

If we are unable to shade the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or decline to issue a handle as a result of the engagement. The audit is not designed to provide assurance on intragroup arrest, or to list profound deficiencies. However, the audit does include obtaining an understanding of internal control sufficient to visualise the audit and to determine th! e nature, timing, and extent of audit procedures to be performed. We are responsible for ensuring that the audit committee is sure of any significant deficiencies that come to our attention. The financial statements are the indebtedness of the companys management. Management is also responsible for the spare-time activity: Establishing and maintaining effective internal control over financial...If you want to ache a exuberant essay, order it on our website: OrderCustomPaper.com

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