November 11, 20012 Larry Lancaster President & CEO Apollo Shoes, Inc. 100 Shoe Plaza Shoetown, ME 00001 Dear Mr. Lancaster: Discussion of Regulations & Guidelines related to SOX section 404 Significant Regulations and guidelines related to audits of internal control Internal control is a very significant aspect for any organization in order to avoid or distinguish fraudulent acts and misstatements in financial reporting. Apollo Shoes’ existing rule should require that the planning, sustaining
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Auditing Introduction Letter Kristen Mihevc ACC/546 March 3, 2013 Scott Phillips March 3, 2013 Joe Bootwell Executive Senior Vice-President and CFO Apollo Shoes Inc. 100 Shoe Plaza Shoetown, ME 00001 Dear Mr. Bootwell, Thank you for taking the time to speak with Arnold Anderson, Darlene Wardlaw, and me last week. I understand from our conversation that you recently parted ways with your former auditing firm as a result of mutually incongruent goals. I appreciate
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| Apollo Shoes Inc. | Memo To: Darlene Wardlaw From: AOW CC: Date: [ 3/2/2011 ] Re: Fraud This memo is addressing the possibilities of fraud for the Apollo Shoes company. After careful review of the minutes and analytic procedures, there are a few little things that may be considered “red flags” for Apollo. A huge issue that may be a red flag is the fact that Apollo Shoes does not want us to speak with their old auditors, Smith & Smith, CPAs, about their previous engagements. This
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Madison, Alabama 35758 July 9, 2012 Mr. Larry Lancaster President, Apollo Shoes 2501 Alabama Lane Phoenix, AZ 35404 Dear Mr. Lancaster: This will confirm our understanding of the arrangements for our audit of the financial statements of Apollo Shoes Inc. for the year ending December 31, 2012. We will audit the company’s financial statements for the year ending
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Beginning the Audit Report ACC546 - Auditing University of Phoenix Audit Engagement Checklist Initial Date _____ ____ 1. Research the audit engagement and apply appropriate Auditors Standards and Code of Ethics _____ ____ 2. Determine appropriate laws/regulations that govern this area: a. state law b. federal law c. guidelines d. Other - wage/hour, etc. _____ ____ 3. Maintain an awareness of the potential for fraud
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|[pic] |Syllabus | | |School of Business/Graduate | | |ACC/546 Version 2 | |
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Introduction Letter To: Apollo Shoes, Inc. From: Lead Auditor Anderson, Olds, and Watershed (AOW) Date: March 30, 2015 Subject: Auditing and Other Assurance Services Available Dear Mr. Unum (Vice President of Finance), Last week you meet with Arnold Anderson, CPA (partner in charge of the audit), Darlene Wardlaws, CPA (engagement manager) and me Ashely Bishop (lead auditor) you discuss with us Apollo Shoes, Inc. decision in dismissing your current engagement with Smith & Smith auditing
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Introduction In order to conduct a substantial audit of Apollo Shoes the auditor must obtain a sufficient understanding of the entity and the entity’s environment, including the internal control. The understanding of the entity and its environment helps the auditor in a variety of ways throughout the audit, including establishing materiality, considering appropriateness, and designing audit procedures that can facilitate the growth of Apollo Shoes. Before the auditor can begin the process of conducting
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Date: 18 FEB 2015 10:02:09 +0000 From: "Darlene Wardlaw" Subject: Apollo Adjusting Entries Well we are nearing the end of the Apollo Shoes engagement. To wrap up the workpapers, you need to do the following tasks: 1. Propose the adjustments to the financial statements you believe necessary for Arnold to give the standard unmodified report on the Apollo Shoes financial statements. a. Review the Apollo cash audit for possible adjustments. b. Review the search for unrecorded
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Jane Shoes Apollo Shoes 1234 Shoe Avenue Shoetown MA 12345 Dear Ms. Jane, This letter serves to confirm the request for Team C CPA to consult with Apollo Shoes on Sarbanes-Oxley Section 404. The consultation will include the significant regulations and guidelines related to audits of internal control. We will identify the internal control risks within Apollo Shoes as well as a description of the relationship between internal controls and the audit process, and a brief synopsis of our
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