Apollo Shoes Prepare A Purchasing Cycle Bridge Working Paper Essays and Term Papers

  • Apollo Shoes

    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. There is a concern pertaining to the results of last year’s audit, because the audit was conducted last year by Smith and Smith...

      497 Words | 2 Pages   Financial statement, Audit, Auditor's report, Financial audit

  • The Purchasing Cycle

    The Purchasing Order The purchasing cycle is a cycle that includes a catering business buyer buying products from a supplier. It contains a number of steps that take place whenever an order with a food company is placed which is tracked via documentation and receipts kept with the supplier. ...

      996 Words | 4 Pages   Invoice, Retail

  • Apollo Shoes Engagement Letter

    April 3, 2013 Mr. Larry Lancaster, Chairman Apollo Shoes, Inc. Shoetown, ME Dear Mr. Lancaster: This will confirm our understanding of the arrangements for auditing Apollo Shoes, Inc. financial Statements for 2011. We will audit the balance sheet at December 31, 2011, and the related statements...

      736 Words | 3 Pages   Auditor's report, Audit, Committee of Sponsoring Organizations of the Treadway Commission, Financial statement

  • Apollo Shoes Confirmation Letter

    information on account balances or specific invoices. We sent positive confirmations to Neutralizer, Mall-Wart, Run For Your Life Shoes, Paul Bunion Footwear, Sassy Shoes, and International Soccer Federation. We sent a negative confirmation to Tread. The ones that we sent a positive confirmation to,...

      280 Words | 2 Pages   Accounts payable, Voucher

  • While Evaluating Apollo Shoes

    While evaluating Apollo Shoes, there are some areas of concern that are potential fraudschemes. The fraud can lead to the entire collapse/demise of the company if not corrected.These will also affect the share value and investor confidence. An overview of the process of investigation along with recommendations...

      1054 Words | 4 Pages   Valuation (finance), Equity (finance), Book value, Financial statement

  • Apollo Shoes Introduction

     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...

      443 Words | 2 Pages   Audit, Internal control, International Financial Reporting Standards, Sarbanes–Oxley Act

  • Introduction Letter/Apollo Shoes

    Introduction Letter / Apollo Shoes August 20, 2012 Crystal Spencer Student University of Phoenix Introduction Letter / Apollo Shoes August 20, 2012 Crystal Spencer Student University of Phoenix To: Apollo Shoes cc: The board of directors From: Sloan and Spencer Auditing Firm ...

      930 Words | 4 Pages   Assurance services, Statement on Auditing Standards No. 70: Service Organizations, Internal audit, Audit

  • 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...

      689 Words | 3 Pages   Audit, Internal control, Auditor's report, Financial statement

  • Apollo Shoes Fraud

    To: Henry Merrell From: Nathan Trapp Subject: Concern about Apollo Audit Mrs. Diaz: While looking over the planning material for Apollo Shoes, I came across a situation I would like to bring to your attention regarding a potential risk factor. I identified the risk in the recorded minutes for the...

      213 Words | 1 Pages  

  • Apollo Shoes Engagement Letter

    Mr. Lancaster This letter will confirm our understanding of the arrangement for our audit of the internal controls and financial statements of Apollo Shoes Inc., for the year ending December 31, 2011. We will audit the Company’s balance sheet as of December 31, 2011, as well as the related statements...

      417 Words | 2 Pages   Audit, Auditor's report, Internal control, Financial statement

  • Apollo Shoes Engagement Letter

    Olds and Watershed Phoenix, Arizona 85003 Mr. Larry Lancaster Apollo Shoes Phoenix, Arizona 85003 Dear Mr. Lancaster, The purpose of this letter is to make sure we have an understanding as to what the audit of Apollo Shoes financial statements will consist of for the year ending December...

      573 Words | 3 Pages   Internal control, Financial statement, Audit, Generally Accepted Accounting Principles (United States)

  • Apollo Shoes Planning

    Prepared K.E;M.B.(1/13/2012) Apollo Shoes, Inc. Relevant Matters Based on Minutes (December 31, 2011) Information Relevant to 2010 Audit 1. Remarks by Apollo Shoes Inc. CEO Larry Lancaster in regards to the 10% projected...

      1932 Words | 8 Pages   Current liability

  • Analytical Review Apollo Shoes

    Apollo Shoes, Inc. Potential Problem Areas December 31, 2011 The following refers to the Comparative Trial Balances, GA-7.1 through GA-7.5: Accounts Receivable, Other Receivables, Allowance for Doubtful Accounts, Bad Debt ExpenseInventories and Reserve for Inventory Obsolescence Prepaid Insurance...

      961 Words | 3 Pages   Payroll tax, Federal Insurance Contributions Act tax, Accounts receivable, Tax withholding in the United States

  • Apollo Shoes Memo

    The company’s total losses/expenses as management has estimated are $11 million. The total amount that the auditor might suggest would be about $18.6 million. This means that the materiality threshold is broken for materiality of misstatement of net income, even though as shown below, each entry itself...

      429 Words | 2 Pages   Cost of goods sold, Bad debt, Revenue, Write-off

  • Apollo Shoes Engagement Letter

    Smith, This letter confirms our understanding of the arrangements for our audit of the financial statements of Apollo Shoes, for the year ending December 31, 2012. We will audit Apollo Shoe’s balance sheet as of 12/31/2012, along with the related income statement, statement of retained earnings,...

      483 Words | 2 Pages   Auditor's report, Audit, Internal control

  • Apollo Shoes Fraud

    To: Henry Merrell From: Nathan Trapp Subject: Concern about Apollo Audit Mrs. Diaz: While looking over the planning material for Apollo Shoes, I came across a situation I would like to bring to your attention regarding a potential risk factor. I identified the risk in the recorded minutes for the...

      213 Words | 1 Pages  

  • Audit Report Apollo Shoes

    look forward to working with you. From the Audit Committee meeting minutes, we understand that Apollo Shoes requires help with the yearly audit because the former CPA firm withdrew unexpectedly (University of Phoenix, n.d.). Anderson, Olds, and Watershed will conduct the audit and “prepare the state franchise...

      1058 Words | 4 Pages   Financial audit, Auditor's report, Internal control, Accounting

  • Apollo Shoes Audit Timeline

    Apollo Shoes Audit Timelines & Milestones Audit Phase Audit Deliverable Administrative Responsibility Completion Timeframe* Planning Schedule the Audit Lead Auditor -3mths Audit Confirmation Letter - Prepare Lead Auditor -6wks Travel Authorization (if applicable) Lead Auditor -6wks Audit Confirmation...

      254 Words | 1 Pages   Auditor's report

  • Apollo Shoes Audit Letter

    Mr. Larry Lancaster, Chairman, President & CEO January XX, 20XX Apollo Shoes Shoetown, Maine Dear Mr. Lancaster, This letter is to confirm our arrangements for our upcoming audit of Apollo Shoes. The audit will consist of auditing the financial statements to include the income statement...

      603 Words | 2 Pages   Financial audit, Internal control, Financial statement, Audit

  • Apollo Shoes Audit

    Apollo Shoes Audit June 26, 2011 John Doe, CIA, CFE Anderson, Olds, Watershed Associates 9295 Reitz Ave Baton Rouge, LA 70092 June 26, 2011 Karina Ramirez Director of Internal Audit Apollo Shoes 100 Shoe Plaza Shoetown, ME 00001 Dear Ms. Ramirez: On behalf of Anderson, Olds, and Watershed...

      935 Words | 3 Pages   Audit, Internal control, Reliability engineering

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