Apollo Shoes Audit Engagement

May 21, 2012 Darlene Wardlaw Apollo Shoes 100 Shoe Plaza Shoetown, ME 00001 salutary Ms. Wardlaw: This letter is to put up our understanding of the arrangements for our visit of the fiscal statements of Apollo Shoes for the year shutdown declination 31, 2011. We go away examine the partnerships pecuniary statements for the year ending December 31, 2011, for the purpose of carrying an opinion on the fairness with which they present, in all in all temporal respects, the fiscal position, results of operations, and capital flows in conformity with chiefly accepted accounting principles (GAAP) in the United States. Under GAAP, it is gather up 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 intended untrue financial statement information that influences a compa nys honor or price of stock, caused by misapprehension or fraud. However, a material misstatement may remain undetected. In addition, the examine is not intentional to detect error or fraud that is extraneous to the financial statements.

If we are unable to have it away 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 study as a result of the engagement. The audit is not designed to provide assurance on intragroup run, or to describe profound deficiencies. However, the audit does include obtaining an understanding of intern al control sufficient to visualise the audi! t and to determine the nature, timing, and extent of audit procedures to be performed. We are responsible for ensuring that the audit committee is sensible of any significant deficiencies that come to our attention. The financial statements are the business of the companys management. Management is also responsible for the pastime: Establishing and maintaining effective internal control over financial...If you want to point a exuberant essay, order it on our website: OrderCustomPaper.com

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