Apollo Shoes Audit Engagement

May 21, 2012 Darlene Wardlaw Apollo Shoes 100 Shoe Plaza Shoetown, ME 00001 nigh(a) Ms. Wardlaw: This letter is to put up our understanding of the arrangements for our visit of the fiscal statements of Apollo Shoes for the year shutdown declination 31, 2011. We result take stock the bon tons pecuniary statements for the year ending December 31, 2011, for the purpose of conveying an opinion on the fairness with which they present, in alone satisfying respects, the fiscal position, results of operations, and capital flows in conformity with for the most part accepted accounting principles (GAAP) in the United States. Under GAAP, it is quest 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 knowledgeable untrue financial statement information that influences a companys honor or price of stock, caused by fallacy or fraud. However, a material misstatement may remain undetected. In addition, the scrutinise is not designed to detect error or fraud that is extraneous to the financial statements.

If we are unable to have sex 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 fib as a result of the engagement. The audit is not designed to provide assurance on intragroup declare, or to cite profound deficiencies. However, the audit does include obtaining an understanding of internal control sufficie nt to visualise the audit and to determine ! the nature, timing, and extent of audit procedures to be performed. We are responsible for ensuring that the audit committee is sensitive of any significant deficiencies that come to our attention. The financial statements are the office 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 take a shit a exuberant essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper