to: Darlene wardlaw FROM: SUBJECT: CONFIRMATION REQUESTS DATE: OCTOBER 30‚ 2012 Two Forms of Confirmations We used both positive confirmations and negative confirmations. This is a required audit procedure by audit standards. Confirmations show existence and valuation of accounts and notes receivable. The positive confirmations are used to ask the customer to respond whether the balance is correct or incorrect. The negative confirmations ask for a response only if something
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ICC-1 Apollo Shoes‚ Inc. Internal Control Questionnaire Sales Transaction Processing December 31‚ 2007 Objectives and Questions Yes‚ No‚ N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer’s office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees‚ COD sales‚ disposals of property‚ cash sales and scrap sales. No available information‚ apparently not applicable
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ICC-Memo Apollo Date 10/14/12 Initials While working on some of the sales transactions 51 deviations were discovered. The majority 31 out of 51 were missing credit approval notations. Also 10 of these are still unpaid. This could indicate weak controls in the credit department which could leave the company with
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newspapers are filled with stories of fraud and financial shenanigans. It has become daily occurrence that frauds of high profile cases break out and become headlines. Case after case has become routine. The shocking publicized financial scandals have shaken the underpinnings of our economic system. In the recent years there is enormous increase in occupational fraud. We have witnessed that our national enterprises have disclosed millions of rupees in financial fraud. Millions of rupees of public money
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GA-1 Prepared: JML 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‚ comprehensive income‚ stockholders’ equity‚ and cash flows for the year then ended‚ for the purpose of expressing an opinion on them. We will also audit whether Apollo
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University 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 services. Since our firm is small‚ we offer a wide range of personalized services to clients at a reasonable cost. Phoenix & Company is a CPA firm with more the 25 years in the
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time is experiencing the effects of poverty as well in shortage. A group of researchers‚ observed this common problem in the society. The researchers wanted to unveil an experiment that was long forgotten by the society. The study is about methane gas that was produced by using a raw product‚ Banana peels. The researchers discussed this experiment because the researchers observed that many people are complaining to the government about the price hike of the gasses. The researcher’s objective is to
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as well as a file containing a memo of audit conclusions for the audit of the fixed asset cycle‚ and a memo on prepaid assets and other asset conclusions‚ as well as leadsheets for fixed assets and prepaid assets. Your memo contained excellent conclusions‚ including inconsistencies in the useful life of real property‚ computer equipment‚ and production equipment. You noted inconsistencies in depreciation method for various asset categories based on Apollo Shoes accounting guidelines. Regarding
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WE ALL WALK IN DIFFERENT SHOES “We all walk in different shoes”‚ is the motto of an ad that is used for baldisbeautiful.org & KennethCole.com of Sharon Blynn writer‚ actor and founder of Bald is Beautiful.org and it is also an advertisement for Kenneth Cole (American clothing designer) clothing line. The advertisement for both the clothing line and the bald is beautiful.org was in Sunday papers in 2008. American clothing designer Kenneth Cole uses his socially conscious advertising to challenge
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We Need To Talk The play We Need To Talk illustrates the theme of acceptance. The play explores the prejudice individuals with special needs face in their society. The society ridicules and misjudges the handicapped. The theme of acceptance is conveyed perfectly through elements of acting and costume designing. Scene four outlines the false perceptions people have of wheel bound parents‚ the idea that they are incapable of being descent parents. Cara‚ played by Jolene De Tiege‚ and Luke‚ played
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