Question description i need to start from page 91 and coplete all or most of it case study “audit of apollo shoes, inc”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. Free essays june 6, 2018 march 27, 2018 jdp leave a comment on apollo shoes audit letter the purpose of the financial statement audit is to ensure the entity being audited is preparing the financial statements in conformance with general accepted accounting principles (gaap. Apollo shoes case assignment please complete a bridge working paper with 3 strengths and 1 weakness and complete the 17 step internal control questionnaire for this assignment we need a memo ( ga-6 ) addressing the potential for fraud for apollo shoes. Apollo shoes, inc’s management is responsible for these financial statements and for maintains effective internal control over financial reporting management is also responsible for making financial records and related information available for the audit and for identifying and ensuring that the company complies with the laws and. Free essays on potential problem for apollo shoes inc for students use our papers to help you with yours 1 - 30.
Let us write or edit the essay on your topic internal and external analysis for new balance athletic shoes inc with a personal 20% discount grab the best paper extract of sample internal and external analysis for new balance athletic shoes inc. 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. 5 learning team assignment: apollo shoes case assignment • resources: apollo shoes case materials located on your student web site • complete the internal control audit section of the case using the apollo shoes case materials, available under the assessment section of week three on your student web site. Case study “audit of apollo shoes, inc” 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.
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, inc potential problem areas december 31, 2011 the following refers to the comparative trial balances, ga-71 through ga-75: accounts receivable, other receivables, allowance for doubtful accounts, bad debt expenseinventories and reserve for inventory obsolescence. Auditing and apollo shoes essay chief executive officer apollo shoes, inc 3411 silverside road wilmington de, 19810 dear mr lancaster, apollo shoes has requested us to provide auditing services for your company.
This morning a meeting took place to discuss potentially fraudulent activity occurring within apollo shoes, inc after much discussion, the most probable fraud scheme at apollo involves accounts receivable due to the accounts being overstated. Apollo shoes introduction essay apollo shoes introduction student name acc/546 – auditing date instructor date larry lancaster anderson, olds, and watershed, cpas president and chairman of apollo shoes chicago, illinois 60612 apollo shoes inc 100 shoe plaza shoetown, me 00001 dear mr lancaster: anderson, olds, and watershed i is a full service accounting firm, providing audit, assurance. More essay examples on ethics rubric the conduct of audit and assurance function is one of the services provided by an independent auditor - auditing and accounting ethics introduction because of the significance the audit function has on the credibility of financial statements the type of opinion articulated by an audit report gives some form of assurance to stakeholders that the financial.
Similar to what you did with the revenue cycle, i want you to prepare a bridge working paper for the audit of apollo shoes as of december 31, 2007, listing the major errors that could occur in the purchasing system and to describe the test of controls procedures for auditing related purchasing controls to determine whether reliable control exists. 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. Substantive procedures for cash outflow irregularities the management of apollo shoes inc has realized that there is a risk of losing money because of irregularities in cash, payroll, and accounts payable. Analytical review apollo shoes essay sample the following refers to the comparative trial balances, ga-71 through ga-75: accounts receivable, other receivables, allowance for doubtful accounts, bad debt expenseinventories and reserve for inventory obsolescence prepaid insurance and insurance expense.
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. Below is an essay on apollo shoes acc 556 fixed asset substantive procedures from anti essays, your source for research papers, essays, and term paper examples fixed assets apollo shoes recently moved into their new facility and acquired new equipment to facilitate their internal production. Lcc has conducted an audit of apollo shoes, inc balance sheets, the retained earnings, cash flows, and other related statements of income for the year ended december 31, 2006/2007. Your customer service is wow i though i was difficult but there was always someone talking to me you are prompt in dealing with issues when they arise.
Staffing memo essay sample after reviewing last year’s (2013) 10-k filing with the sec, the board of directors’ minutes, and other documents pertaining to apollo shoes, inc here is our initial recommendation for staffing requirements: audit engagement partner. Financial statement fraud schemes on apollo shoes week five ardyth smith acc 556 december 12, 2011 professor jennifer s brown financial statement fraud schemes 2 while evaluating apollo shoes, there are some areas of concern that are potential fraud schemes the fraud can lead to the entire. Discussion questions: apollo shoes (other (not listed) sample) apollo shoes, inc shoetown, me august 21, 2014 re: sox section 404 consulting engagement letter dear mr lancaster, we are an established and reputable company, with over 10 years in the essay business.