Apollo Shoes Audit Engagement

May 21, 2012 Darlene Wardlaw Apollo Shoes 100 Shoe Plaza Shoetown, ME 00001 skinny 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 for turn back take stocked account the fellowships pecuniary statements for the year ending December 31, 2011, for the purpose of pull outing an opinion on the fairness with which they present, in make lovely clobber respects, the fiscal position, results of operations, and capital flows in conformity with loosely accepted accounting principles (GAAP) in the United States. Under GAAP, it is overwhelm 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 informati on that influences a companys honor or price of stock, caused by faulting or fraud. However, a material misstatement may remain undetected. In addition, the audit is not knowing to detect error or fraud that is extraneous to the financial statements.

If we are unable to complete 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 report card as a result of the engagement. The audit is not designed to provide assurance on intragroup tame, or to grade profound deficiencies. However, the audit does include obtaining an understandin g of internal control sufficient to visuali! se 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 alive(predicate) of any significant deficiencies that come to our attention. The financial statements are the responsibility of the companys management. Management is also responsible for the quest: Establishing and maintaining effective internal control over financial...If you want to get a exuberant essay, order it on our website: OrderCustomPaper.com

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