Apollo Shoes Inc Audit Report Internal Control Evaluation

  • Apollo Shoes Engagement Letter

    Engagement Letter Apollo Shoes, This letter is to confirm our understanding of the terms and objectives of our engagement and the nature of the services we will provide. We will audit the consolidated balance sheet of Apollo Shoes as of year end 2007, and the related consolidated statements of operations, retained earnings, and cash flows. The objective of our audit is the expression of an opinion about whether your consolidated financial statements are fairly presented, in all material

    Words: 689 - Pages: 3

  • Apollo Shoes Engagement Letter

    our audit of the financial of Apollo Shoes Inc., for the year ending December 31, 2011. ------------------------------------------------- ------------------------------------------------- We will audit the company’s balance sheet at December 31, 2011, and the related statements of income, comprehensive income, stockholders equity, and cash flows for the year ended, for the purpose of expressing an opinion on them. We will also audit whether Apollo shoes, Inc. maintained effective internal control

    Words: 773 - Pages: 4

  • Apollo

    [pic]APOLLO SHOES, INC. An Audit Case to Accompany AUDITING AND ASSURANCE SERVICES Prepared by Timothy J. Louwers M. Loretta Manktelow James Madison University J. Kenneth Reynolds Indiana University Acknowledgements We would like to gratefully acknowledge the following individuals for their assistance in preparing and completing this case. Sincere appreciation is due to Marcia Croteau, Reagan McDougall, Meghan Peters, Denise Patterson, Bob Ramsay, Mike Shaub, and several

    Words: 28598 - Pages: 115

  • Beginning the Audit – Apollo Shoes

    Beginning the Audit – Apollo Shoes Anderson, Olds & Watershed, CPAs, LLC Phoenix, AZ 85210 October 15, 2012 Mr. Larry Lancaster Chairman, President & CEO Apollo Shoes 1 Shoeplace Shoetown, Maine 00001 Dear Mr. Lancaster, The Objective and Scope of the Audit of the Financial Statements You have requested that we audit the financial statements of Apollo Shoes Incorporated, which comprise the balance sheet as of December 31, 2012, and the related statements of operations, changes

    Words: 772 - Pages: 4

  • Internal Controls Report

    LJB Company | Internal Controls Report | FI504 Professor J. Roberts | Michael Franklin FI504 10/19/2011 | LJB Company is a local distributor serving various companies nationally. With its rapid growth and success, we have discussed the possibility of becoming a public company. If LJB Company decides to become a public company we should advise you of certain federal securities laws that LJB Company would face. It is imperative that you should discuss this information with your legal

    Words: 421 - Pages: 2

  • Kudler Internal Control & Risk Evaluation

    Kudler Internal Control & Risk Evaluation In order for a company to be successful and maintain its integrity, internal controls are necessary. If Kudler should decide to utilize industry-specific software, then the company would need to evaluate the internal controls and risks associated with the four systems (payroll, accounts payable, accounts receivable, and inventory). Currently the company does not have any real controls in place to reduce risks. The following information will discuss Kudler’s

    Words: 963 - Pages: 4

  • Memorandum: Internal Control Report

    Memorandum: Internal Control Report To: President, In order for Company to go public in the future, the Sarbanes-Oxley Act of 2002 requires that companies must maintain an adequate system of internal controls and that outside independent auditors must verify the adequacy of the internal controls. Internal controls consist of five factors. First, develop and maintain a controlled environment that makes it very clear across the organization that unethical behavior and fraud will not be tolerated

    Words: 1353 - Pages: 6

  • Apollo Shoes Auditing Introduction Letter

    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 your interest in Anderson, Olds, and Watershed (AOW) and want to explain some of the many audit and assurance services that my firm has

    Words: 885 - Pages: 4

  • Apollo Shoes Introduction Letter

    Apollo Shoes, Inc. Audit Report The audit firm of Anderson, Olds, and Watershed, CPA (AOW) has been engaged by Apollo Shoes, Inc. to audit the financial statements for the fiscal year ending December 31, 2007, and file the Form 10-k with the SEC within 60 days of this date. It has also been agreed that AOW will prepare the state franchise tax and federal tax returns for Apollo Shoes, Inc. The field work for the audit will begin mid-January, with the trial balance to be sent to AOW shortly after

    Words: 1011 - Pages: 5

  • Apollo Shoes Engagement Letter

    June 10, 2013 Larry Lancaster Apollo Shoes, Inc. Shoetown, ME 00001 Dear Mr. Lancaster: This letter is to confirm the understanding of the objectives for the financial statements audit for Apollo Shoes, Inc. We are pleased to perform the financial statement audit for Apollo Shoes, Inc. for the year ending December 31, 2012 and at the end of the audit will provide an opinion of the completeness and fairness of the material presented. This opinion will include the financial position

    Words: 515 - Pages: 3

  • Audit Report and Internal Control Evaluation

    of Directors and Shareholders of Apollo Shoes Inc. From: CBA Auditing Firm Re: Audit Report and Internal Control Evaluation Date: June 10, 2013 CBA Auditing Firm has audited the balance sheets of Apollo Shoes as of December 31, 2012. In addition, our auditing firms also reviewed statements of income such as shareholders equity, comprehensive income, and cash flows for the same period. Our company also assessed Apollo Shoes financial reporting internal controls based on the Committee of Sponsoring

    Words: 542 - Pages: 3

  • Evaluation of Internal Controls

    EVALUATION OF INTERNAL CONTROLS EVALUATION OF INTERNAL CONTROLS E LJB COMPANY 1100 Main St Kansas City, Missouri 64105 United States (816)943-7310 (816)943-7300 2/6/2013 LJB COMPANY 1100 Main St Kansas City, Missouri 64105 United States (816)943-7310 (816)943-7300 2/6/2013 Internal control is measures adopted within an organization to safeguard its assets, enhance the reliability of accounting records, increase efficiency of operations, and ensure compliance with laws and regulations

    Words: 1887 - Pages: 8

  • Apollo Shoes

    APOLLO SHOES, INC. An Audit Case to Accompany AUDITING AND ASSURANCE SERVICES Prepared by Timothy J. Louwers James Madison University J. Kenneth Reynolds Louisiana State University McGraw-Hill/Irwin ii © The McGraw-Hill Companies, Inc., 2007 Apollo Shoes, Inc. Acknowledgements We would like to gratefully acknowledge the following individuals for their assistance in preparing and completing this case. Sincere appreciation is due to Reagan McDougall, Meghan Peters, Denise Patterson

    Words: 35947 - Pages: 144

  • Apollo Shoes Letter

    Apollo Shoes Letter ACC/546 University Of Phoenix Eric Unum Vice-President-Finance Apollo Shoes Inc. Dear Sir, It is our pleasure to introduce our firm as one with a professional and committed reputation in which proceeds us. Our firm offers exceptional audit and assurance tools, resources, and personnel to provide your company with highest quality of audit and assurance services available. We provide objective, reliable, and comprehensive auditing services, in which our staff of qualified

    Words: 353 - Pages: 2

  • Internal Control and Risk Evaluation

    Running head: Internal Control and Risk Evaluation Internal Control and Risk Evaluation The purpose of this brief is to identify and analyze possible risks, internal control points, design internal controls, evaluate the application of internal controls and discuss other outside controls, that Kudler Fine Foods may need to upgrade the computer systems. Analysis of Risks of Computer Systems After reviewing the previous flowcharts it is recommended that Kudler Fine Foods

    Words: 1267 - Pages: 6

  • Apollo Shoes Letter

    Auditing Introduction Letter Lissete Castrillon ACC/546 February 3, 2014 Allan Foster Auditing Introduction Letter Larry Lancaster Apollo Shoes Chairman, President & CEO February 3, 2014 Shoetown, Maine Dear Mr. Lancaster Through the following letter I would like to thank you for trusting our firm AOW in planning your upcoming audit. You are already familiar with the process and what we review during this procedure, like auditing financial statements which include income statements

    Words: 525 - Pages: 3

  • Kudler Internal Control and Risk Evaluation

    Kudler Internal Control and Risk Evaluation Internal controls are essential for a company to maintain the security of its property as well as the integrity of sensitive and confidential information. Should Kudler decide to implement and utilize industry-specific software, it would need to evaluate the internal controls and risks associated with these four systems: payroll, accounts payable, accounts receivable, and inventory. Currently, Kudler does not have effective controls in place to minimize

    Words: 1087 - Pages: 5

  • Internal Control and Risk Evaluation

    Internal Control and Risk Evaluation Lauren A Lewis Accounting Information Systems ACC/542 June 23,2014 Yasin Dadabhoy Internal Control and Risk Evaluation       Internal controls and risk assessments are an essential part for an organization to be successful. Management at Kudler Fine Foods has reviewed the flowcharts prepared and is requesting information on controls that will be required. Risks are the negative events that may occur causing a change in an organizations productivity.

    Words: 828 - Pages: 4

  • Internal Control in Audit

    Internal Control Understanding and Documentation Project- EICO Iman H. Al Shawab Table of Contents Part I - Understanding of Entity and Business Environment: 3 Business Overview: 3 Suppliers: 3 Operations: 4 a. Suppliers 4 b. Customers: 5 Part II- Understanding of the Entity’s Internal Control Design and Implementations: 6 Part III: Audit EICO 11 Accepting the Audit and Perform Initial Audit Planning 11 Part I - Understanding of Entity and Business Environment:

    Words: 4063 - Pages: 17

  • Audit Report and Control Evaluation

    The Audit Report and Internal Control Evaluation University of Phoenix Michelle Melville Auditing/ACC 546 April 21, 2014 Professor Hillary Edmondson Auditor’s Responsibility for Detecting and Reporting Fraud It is the responsibility of the audit engaged in the audit process to detect material misstatement in management’s assertions. These material misstatements must also be properly reported. Arens et. al (2012) defined fraud as “…any intentional deceit meant to deprive another person

    Words: 404 - Pages: 2

  • Acc546 - Week 1 - Beggining the Audit Report

    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

    Words: 651 - Pages: 3

  • Apollo Shoes Cash Audit

    Date: 19 JAN 2015 15:37:42 +0000 From: "Darlene Wardlaw" Subject: Audit of Cash We received the bank confirmation and bank cutoff statement this morning. I left it in your mailbox at work. I would prefer that you audit cash rather than Bradley (let him stick to vouching documents to keep him out of trouble). A couple of points: 1. Don’t forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete. 2. There was an adjustment

    Words: 2103 - Pages: 9

  • Goodner Brothers, Inc. Internal Control Issues

    Goodner Brothers, Inc. Internal Control Issues 1.List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. 1. Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from stolen by unauthorized person. 2. Authorization of Transaction       Goodner’s policy said that the new customer required an approval of the sale manager for the credit sale. The objective of this

    Words: 1499 - Pages: 6

  • Internal Controls: Pepsico Inc.

    Internal Controls Internal control describes the policies, plans, and procedures implemented by management of an organization to protect its assets. The 1992 COSO Report is important because it established a common definition of internal control for assessing control systems, as well as determined how to improve controls. Controls have many uses and purposes, this is why businesses look into control systems to find a solution for any problem that it may arise. PepsiCo mentions that their financial

    Words: 399 - Pages: 2

  • Apollo Shoes

    [pic]APOLLO SHOES, INC. An Audit Case to Accompany AUDITING AND ASSURANCE SERVICES Prepared by Timothy J. Louwers M. Loretta Manktelow James Madison University J. Kenneth Reynolds Indiana University Acknowledgements We would like to gratefully acknowledge the following individuals for their assistance in preparing and completing this case. Sincere appreciation is due to Marcia Croteau, Reagan McDougall, Meghan Peters, Denise Patterson, Bob Ramsay, Mike Shaub, and several

    Words: 27387 - Pages: 110

  • Apollo Shoes

    Group 1 Apollo 7: Control evaluation and testing in the revenue cycle – evaluate the results of the control testing of the revenue cycle using the materials in the case. Look for patterns in errors that may indicate specific weaknesses over assertions. Refer to chapter materials for basic audit procedures and discussion of how to evaluate the results of your tests based on the preliminary risk assessment. Try to identify trends or specific areas of concern based on the results of control tests that

    Words: 1489 - Pages: 6

  • Apollo Shoes

    Introduction Apollo Shoes, Inc. is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report. You are asked to assume the role of a veteran of two-to-three “busy” seasons, “in-charging” for the first time. While Apollo Shoes’ growth has been phenomenal (there has been a dramatic growth in unaudited net income over the past year), there are some concerns: the client doesn’t want your firm (Anderson, Olds, and Watershed (AOW))

    Words: 9487 - Pages: 38

  • Apollo Shoes Introduction Letter

    Larry Lancaster, CEO Apollo Shoes, Inc. Shoetown, Maine Dear Mr. Lancaster My name is xxxxxxxx. I am the Audit Manager at Anderson, Old, and Watershed, CPAs, LLC. I have been with Anderson, Old, and Watershed, CPAs, LLC little over 10 years. I have provided and continue to provide various auditing and assurances services to our clients. I have extensive background in retail industry. I am writing this letter to confirm our upcoming arrangement with Apollo Shoes and briefly introduce you

    Words: 1067 - Pages: 5

  • Audit Report and Internal Control Evaluation

    Audit Report and Internal Control Evaluation Nathalie Salib University of Phoenix ACC546/PR April 9, 2015 Prof. Rafael Marrero - Diaz ANDERSON, OLDS & WATERSHED Certified Public Accountants Independent Auditor’s Report To the Board of Directors of Apollo Shoes, Inc. We have audited the accompanying balance sheets of Apollo Shoes, Inc. as of December 31, 2007 and 2006 and the related statements of income, shareholder’s equity and cash flow for the two years in the period ended

    Words: 939 - Pages: 4

  • Format for Internal/External Audit Report

    FORMAT FOR INTERNAL/EXTERNAL AUDIT REPORT I. Title Page An Internal and External Audit Report Of Selected Companies for Business Research Submitted by: (List names in alphabetical order) II. Internal and External Audit Report of Company 1 1. Brief description of the Company - History - Ownership/Key resource person - Products/Services 2. Presentation of Internal Audit Report in Tabular Form - Key factors

    Words: 278 - Pages: 2

  • Apollo Shoes Case

    [pic]APOLLO SHOES, INC. An Audit Case to Accompany AUDITING AND ASSURANCE SERVICES Prepared by Timothy J. Louwers M. Loretta Manktelow James Madison University J. Kenneth Reynolds Indiana University Acknowledgements We would like to gratefully acknowledge the following individuals for their assistance in preparing and completing this case. Sincere appreciation is due to Marcia Croteau, Reagan McDougall, Meghan Peters, Denise Patterson, Bob Ramsay, Mike Shaub, and several

    Words: 27387 - Pages: 110

  • Apollo Shoes

    Running Head: Audit Report Section 404 Week 4: Team Assignment Withley E., Kacie Wooding, Audie McRae, Dena Brown ACC/546 Professor:  HILLARY EDMONDSON July 20, 2015 Anderson, Olds, and Watershed United States of America July 20, 2015 Mr. Larry Lancaster Chairman of the Board of Directors, President and CEO Apollo Shoes, Inc. 100 Shoe Plaza Shoetown, ME 00001 Dear Mr. Lancaster, You have requested that we perform a SOX Section 404 consulting engagement. We are pleased to confirm

    Words: 1495 - Pages: 6

  • Internal Control and Evaluation Risks

    Internal Control and Risk Evaluation – Kudler Fine Foods Lisa Cook University of Phoenix ACC/542 August 15, 2011 Internal Control and Risk Evaluation Internal controls and risk assessments are an integral part for a company to be successful. Management at Kudler Fine Foods has reviewed the flowcharts prepared and is requesting information on controls that will be required. Risks are none to be a negative event occurring in a company’s productivity. Internal controls are the policies

    Words: 923 - Pages: 4

  • Apollo Shoes

    Westbrook Company, Inc.: We have audited Apollo Shoes, Inc.’s internal control over financial reporting as of December 31, 2006, based on criteria established in Internal Control−Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (the COSO criteria). Apollo Shoes, Inc.’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting

    Words: 535 - Pages: 3

  • Evaluation of Internal Control Environment

    FUNDAMENTALS OF AUDITING Audit Firm Contact Number JABATAN PERDAGANGAN Programme Section CHAPTER 1 CHAPTER 2 Email Materiality and Audit Risk Corporate Governance PROBLEM SOLVING CLO2 | LD2/P3 Instruction: Please answer ALL questions. | Part 1 NEW CLIENT ACCEPTANCE DECISION Learning Objectives After completing and discussing this case, you should be able to: 1. Understand the types of information relevant to evaluating a prospective audit client 2. List some of the

    Words: 8902 - Pages: 36

  • Acc546 Week 3 Audit Report and Internal Control Evaluation Cc 546 Week 3 Audit Report and Internal Control Evaluation

    than 1,050 words to Apollo Shoes addressing the key points listed below; assume the role of an auditor at a local firm when composing the letter. * Explain the auditing and other assurance services your firm offers and the benefit each has for the client. * Explain your role in providing the available assurance service to clients. * Describe the requirements for meeting the professional standards for services you offer. * Describe the ethical implications of your audit. Click the Assignment

    Words: 898 - Pages: 4

  • Acc546 Week 3 Audit Report and Internal Control Evaluation Cc 546 Week 3 Audit Report and Internal Control Evaluation

    than 1,050 words to Apollo Shoes addressing the key points listed below; assume the role of an auditor at a local firm when composing the letter. * Explain the auditing and other assurance services your firm offers and the benefit each has for the client. * Explain your role in providing the available assurance service to clients. * Describe the requirements for meeting the professional standards for services you offer. * Describe the ethical implications of your audit. Click the Assignment

    Words: 898 - Pages: 4

  • Apollo Shoes Engagement Letter

    understanding of the arrangement for our audit of the financial statements of Apollo Shoes, Inc. for the year ending December 31, 2014. We will audit the Company’s balance sheet at December 31, 2014, and the related statements of income, comprehensive income, stockholders’ equity, and cash flows for the year then ended, for the purpose of expressing an opinion on them. We will also audit whether Apollo Shoes maintained effective internal control over financial reporting as of December 31

    Words: 860 - Pages: 4

  • Apollo Shoes Auditing Introduction Letter

    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 your interest in Anderson, Olds, and Watershed (AOW) and want to explain some of the many audit and assurance services that my firm

    Words: 403 - Pages: 2

  • Apollo Shoes Audit Plan Memo

    TO: Darlene Wardlaw FROM: Team 2 section 2 DATE: 1/31/2016 SUBJECT: (GA-5) Materiality for Apollo Shoes From analyzing the data from the financial statement of Apollo Shoes.Inc, I had found many points that was found to be skeptical of containing material misstatement of a company’s assertions. 1. Independent auditors’ concept of materiality As an independent auditor, our goal is to obtain the reasonable assurance about whether the financial statements as a whole are free of material misstatement

    Words: 610 - Pages: 3

  • Apollo Shoes Revenue Cycle Test of Controls Memo

    While reviewing Apollo Shoes’ revenue cycle, we tested 120 sales transactions and discovered 51 deviations. This significant number of deviations could potentially indicate more serious shortcomings in the system of internal controls surrounding the revenue cycle and highlights areas that will require more careful scrutiny throughout the audit. The most common type of deviation noted was the lack of the expected credit approval notation on the transaction documents. In fact, 31 of the 51

    Words: 586 - Pages: 3

  • Schematic Evaluation of Internal Accounting Control System

    Monograph SCHEMATIC EVALUATION OF INTERNAL ACCOUNTING CONTROL SYSTEMS Kuo-Tay Chen* and Ronald M. Lee# * Department of Management Purdue University at Calumet Hammond, IN 46323 U.S.A. chenk@pucal.bitnet # Erasmus University Research Institute for Decision and Information Systems (EURIDIS) Erasmus University Rotterdam The Netherlands rlee@fac.fbk.eur.nl ERASMUS UNIVERSITY RESEARCH INSTITUTE FOR DECISION AND INFORMATION SYSTEMS Schematic Evaluation of Internal Accounting Control Systems by Kuo-Tay

    Words: 32893 - Pages: 132

  • Example of Audit Report Letter

    Anderson, Olds, and Watershed CPAs 1234 CPA Lane Shoetown, ME 00001 123-456-7890 INDEPENDENT AUDITOR’S REPORT To the Stockholders Apollo Shoes, Inc. We have audited the accompanying balance sheets of Apollo Shoes, Inc. as of December 31, 2008, and the related statements of income, comprehensive income, shareholders’ equity, and cash flows for the year ended, and related notes to the financial statements. Managements Responsibilities for the Financial Statements Management is responsible

    Words: 491 - Pages: 2

  • Audit Report

    Directors of Apollo Shoes, Inc. 100 Shoe Plaza Shoetown, ME 00001 We have audited the accompanying balance sheets of Apollo Shoes, Inc. as of December 31, 2007 and 2006 and the related statements of income, shareholder’s equity and cash flow for the two years in the period ended December 31, 2007. Apollo Shoes’ management is responsible for the financial statements presented, for maintaining effective internal control over financial reporting, and for its assessment of internal control. Our responsibility

    Words: 916 - Pages: 4

  • Apollo Shoes Introduction Letter

    President and Chairman Apollo Shoes, Inc. Dear Mr. Landcaster: This letter is to introduce you to our auditing services and other assurance services we offer. In addition to just an audit of your financial statements, we would like to offer and inform you of some of our assurance services. Offers we would like to include with your audit are annual contracts for unlimited attestation services, WebTrust, and a quarterly review of interim financial information. We will audit the consolidated balance

    Words: 436 - Pages: 2

  • Audit Report

    Audit Report Charles Moore ACC 546 Deborah Fitzgerald Thomas To: Deborah Fitzgerald Thomas From: Charles Moore Date: March 19, 2012 Subject: Audit Report Our audit team has completed a review of Apollo Shoes, Inc. operations in conformity with the fiscal year 2006 audit plan. The objective of this review is to contribute to the improvement of risk management and the control systems within the business by identifying and evaluating exposures to risks and the controls designed by

    Words: 401 - Pages: 2

  • Case Study 6: Ljb Company Audit Report Regarding Internal Control Activity Requirement Evaluation for Initial Public Offering and Indelible Ink Printer Procurement Recommendation

    LJB Company Audit Report regarding Internal Control Activity Requirement Evaluation for Initial Public Offering and Indelible Ink Printer Procurement Recommendation Author: Phillip Stevens, Buck Stops Here Accounting Associates Securities Exchange Commission Internal Control Requirement Explanation As part of the Initial Public Offering application process with the Securities and Exchange Commission, companies are required to document and validate their internal control activities including

    Words: 851 - Pages: 4

  • Beginning the Audit Report

    Audit Engagement Report Casey L. Stewart ACC/546 May 21, 2012 Shawn Cerezo Audit Engagement Report Balestra, Harr & Scherer, CPAs, Inc. Casey L. Stewart Partner 528 South West St Piketon, Ohio 45661 Apollo Shoes, Inc. Mr. Eric Unum VP of Finance 100 Shoe Plaza Shoetown, ME 00001 We are pleased to confirm our understanding of the services we are to provide Apollo Shoes, Inc. for the year ended December 31, 2007. We will audit the financial statements of Apollo Shoes, Inc

    Words: 1639 - Pages: 7

  • Begininning the Audit Report

    Beginning the Audit Report Veronica Hemphill University of Phoenix ACC/546 July 9, 2012 Hemphill Financial 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

    Words: 678 - Pages: 3

  • Apollo Internal Controls

    Internal Controls Solution ICC-1 Apollo Shoes, Inc. Internal Control Questionnaire Sales Transaction Processing December 31, 2007 Objectives and Questions Yes, No, N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer's office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales and scrap sales. No available information

    Words: 289 - Pages: 2

+
-
Weiterlesen | Tiny Houses | Watch movie