Audit program design part ii acc/546 may 2, 2011 audit program design part ii the audit of apollo shoes, inc requires a design of steps to develop audit objectives to plan the audit the financial statements are divided into cycles to better manage the audit and disperse to staff within the firm. Apollo shoes inc operations in conformance with the financial twelvemonth 2006 audit program have a complete reappraisal by our audit squad. Uop acc 546 week 2 individual assignment beginning the audit report apollo shoes is satisfied with the services your firm offers and wants to continue with the audit. Free essays, research papers, term papers, and other writings on literature, science, history, politics, and more. Of concern is the 30% delinquency rate in the 90+ category the 90+ delinquency is majorly comprised by mall-warts, who has filed for bankruptcy conclusions: 51 recognizable deviations were discovered while analyzing the revenue cycle for 2007.
Apollo denied our request to speak with the predecessor auditors because of litigation concerns i've looked at the 8-k filed by apollo and the auditors referenced in the 10-k i didn't attach a copy because it didn't say much, just something about incongruent goals, blah, blah, blah. The audit committee is responsible for ensuring that management has implemented an effective system of internal control to manage the risks facing the organization. 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.
Search results for 'apollo shoes going concern' min of audit comitte apollo shoes minutes of the audit committee, apollo shoes october 18, 2011 present at meeting: arnold anderson, cpa (partner in charge of the audit) darlene wardlaw, cpa (engagement. 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. Apollo shoes essay sample upon the completion of auditing the financial records of apollo shoes, inc it has been confirmed that there has been sufficient evidence obtained to support the audit opinion.
Audit program design- final project 12 the loan to the ceo is incorrectly accounted for under other receivables apollo sent mall-warts an unsolicited order in december even though mall-warts had informed apollo in november that they were entering involuntary bankruptcy. Notes on apollo shoes audit case task #1 (overview/intro) go to the weekly materials folder and locate the apollo shoes files folder, between the week 1 and week 2 folders. Our audit of the financial statements including examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles view full essay. The auditing process of financial statements and evaluation of internal control systems of apollo shoes was perfect this is a report of findings, and recordings of the audit firm as of 31st december 2011. 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.
Computer program and audit essay of our audit can be greatly influenced by the computer processing of accounting transactions some major factors of apollo computer system that could change the planning in our audit are: complexity of computerized operations- an auditor must factor the software used to process the data of the company. Substantive procedures - asset irregularities essay sample introduction this next phase of the auditing process for apollo shoes inc (apollo) is the designing of an audit program, which will detail substantive procedures for detecting irregularities in the accounts receivable, inventory, and fixed assets audit cycles. There is a concern pertaining to the results of last year's audit, because the audit was conducted last year by smith and smith cpa's and vp of finance mr unum has requested that we do not contact smith and smith.
Auditing letter for apollo shoes, inc essay auditing introduction letter to apollo shoes, inc name acc/546 date professor june 3, 2013 apollo shoes inc 100 shoe plaza shoetown, me 00001 to the board of directors of apollo shoes, inc: thank you for choosing anderson, olds, and watershed (aow) to audit your company. Audit report apollo shoes essay example 1061 words may 20th, 2013 5 pages mr lancaster, the firm of anderson, olds, and watershed is pleased to receive your notification to proceed with the audit and look forward to working with you. We have audited the attach toing balance sheets of apollo shoes inc as of december 31 2008 and the related statements of income comprehensive income shareholders' equity and hard currency flows for the twelvemonth ended and related notes to the fiscal statements. Apollo was the third space flight program after project gemini and project mercury, flown by nasa (national astronautics and space administration) the program started in 1967 and was able to land humans on the moon by 1972.
Each audit team will perform the following task (not all inclusive) of planning internal control evaluation substantive testing of cash, accounts receivable, inventory, prepaids, fixed assets, liabilities and payroll as well as render an audit opinion thereon in completing the audit of apollo shoes, inc. April 3, 2015 to whom it may concern, this is to confirm our scheduled meeting and understanding for the financial audit of apollo shoes, to be completed may 11-15, 2015.
Going concern 545 isa 570 auditing introduction scope of this isa 1 this international standard on auditing (isa) deals with the auditor's responsibilities in the audit of financial st atements relating to management's use of. Welcome anti essays offers essay examples to help students with their essay writing our collection includes thousands of sample research papers so you can find almost any essay you want. Apollo shoes audit report essay sample we have audited the attach toing balance sheets of apollo shoes inc as of december 31 2008 and the related statements of income comprehensive income shareholders' equity and hard currency flows for the twelvemonth ended and related notes to the fiscal statements. 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.