As Corporate Controller For Apollo Shoes You Are Tasked To Find And Explain Any Irregularities In The Apollo Shoes Case Essays and Term Papers

  • Apollo Shoes Case

    [pic]APOLLO SHOES, INC. An Audit Case to Accompany AUDITING AND ASSURANCE SERVICES SUGGESTED SOLUTIONS Prepared by Professor Cal Christian East Carolina University Professor Tim Louwers James Madison University Introduction We designed the Apollo Shoes audit case to...

      33702 Words | 206 Pages   Financial audit, Internal control, Audit, Going concern

  • apollo shoes case study 4

    control over recording of all charges to customers (completeness)-audited in the sales transaction test of controls audit plan. C-1 Apollo Shoes, Inc. Accounts Receivable Lead Schedule Prepared by For Year Ended 12/31/2011 Reviewed by PBC (Audited) ...

      2736 Words | 30 Pages   Accounts receivable, Invoice, Audit, Bad debt

  • 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

  • Notes on Apollo Shoes Audit Case

    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. Under this menu you will find a file entitled Apollo Shoes Case Study.doc. This file gives you all of the details and evidence...

      759 Words | 3 Pages  

  • 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

  • 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

  • Auditing Engagement Letter Apollo Shoes Case

    3/3/2013 March 5, 2012 Dear Mr. Lancaster: This letter will confirm our understanding of the arrangement for our audit of the financial statements of Apollo Shoes, Inc. for the year ending December 31, 2011. We will audit the Company’s balance sheet at December 31, 2033, and the related statements of income...

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

  • 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

  • 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 Confirmation Letter

    stated fairly. With the positive confirmations, we are trying to find 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...

      280 Words | 2 Pages   Accounts payable, Voucher

  • 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

    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

  • 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

    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 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

  • 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 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 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

  • Letter / Apollo Shoes

    of Phoenix December 10, 2012 Introduction Letter / Apollo Shoes From: Phoenix & Company PLLC (Certified Public Accountants) To : The Board of Director of Apollo Shores First I would like to thank the board of director of Apollo Shores for their recent inquiry about Phoenix & Company’s...

      372 Words | 2 Pages   Audit, Internal control, Certified Public Accountant, Accounting