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 monetary statements of Apollo Shoes for the year shutdown declination 31, 2011. We result canvas the beau mondes pecuniary statements for the year ending December 31, 2011, for the purpose of declaiming an opinion on the fairness with which they present, in every natural 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 convey 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 lettered untrue financial statement information that influences a comp anys honor or price of stock, caused by fallacy or fraud. However, a material misstatement may remain undetected. In addition, the inspect is not knowing to detect error or fraud that is extraneous to the financial statements.

If we are unable to fill out 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 distinguish as a result of the engagement. The audit is not designed to provide assurance on intragroup construe, or to position profound deficiencies. However, the audit does include obtaining an understanding of internal control suf ficient to visualise the audit and to deter! mine the nature, timing, and extent of audit procedures to be performed. We are responsible for ensuring that the audit committee is alert of any significant deficiencies that come to our attention. The financial statements are the function 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 complicate a exuberant essay, order it on our website: OrderCustomPaper.com

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