Apollo Shoes Audit Engagement

May 21, 2012 Darlene Wardlaw Apollo Shoes 100 Shoe Plaza Shoetown, ME 00001 secure Ms. Wardlaw: This letter is to put up our understanding of the arrangements for our visit of the pecuniary statements of Apollo Shoes for the year shutdown declination 31, 2011. We leave behind analyzeed account the federations pecuniary statements for the year ending December 31, 2011, for the purpose of fetching an opinion on the fairness with which they present, in each(prenominal) square respects, the fiscal position, results of operations, and capital flows in conformity with mostly 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 well-read untrue financial statement information that influe nces a companys honor or price of stock, caused by delusion or fraud. However, a material misstatement may remain undetected. In addition, the audit is not intentional to detect error or fraud that is extraneous to the financial statements.

If we are unable to completed 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 study as a result of the engagement. The audit is not designed to provide assurance on intragroup see to it, or to break profound deficiencies. However, the audit does include obtaining an understanding of inte rnal control sufficient to visualise the au! dit and to determine the nature, timing, and extent of audit procedures to be performed. We are responsible for ensuring that the audit committee is awake(predicate) of any significant deficiencies that come to our attention. The financial statements are the righteousness of the companys management. Management is also responsible for the followers: Establishing and maintaining effective internal control over financial...If you want to play a exuberant essay, order it on our website: OrderCustomPaper.com

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