Acc 546 Essay

Submitted By dejuana1619
Words: 577
Pages: 3

To the Board of Directors of Apollo Shoes, Inc.:
We highly appreciate your interest in Anderson, Oaks, and Watershed (AOW) to audit your company. We take pride in the fact that we were able to develop our image as a trust worthy consulting and professional advisory practice. The management team of Apollo Shoes’ is accountable for the financial reports, for sustaining current internal controls, and appraisal of internal control regarding financial reporting. It is our duty to communicate an unbiased view on these financial reports, assessment by management, and the usefulness of the organization’s internal control sustaining the financial report. The audit objectives, terms, limitations, and nature of services provided will be confirmed prior to engagement. Upon completion of our audits, we will provide you with an independent opinion regarding the fairness in which Apollo Shoes, Inc. presents information in all material respects, the financial position, results of operations, and cash flows in conformity with accounting principles generally accepted.
The audit will be conducted in accordance to generally accepted auditing standards. These standards do not require absolute assurance that the report is completely free of material misstatements caused by error or fraud; this instead is based on a level of reasonableness. My team has organized our inspections in conjunction with the principles of the Public Company Accounting Oversight Board (PCAOB). We strategically planed and enforced the audit to acquire practical assurance. Regardless, the actual internal control consisting of fiscal reporting was sustained in all respects of materiality or whether financial reports are without material misstatement those standards that the PCAOB have put into place are required in order to plan and prepare for a proper audit. Our review of the financial reports will consist of proof promoting the totality of assets and disclosures in the financial reports, investigating all details in their entirety, evaluating the generally accepted accounting principles (GAAP), and estimating the general arrangement of financial reports. During the audit we obtained a comprehension of internal control over Apollo Shoes’ monetary reporting, and we appraised management’s valuation.

Our audit does include obtaining an understanding of the internal controls to determine the procedure, timing and extent of audit testing. However, we are not responsible for providing assurance on internal control or to identify deficiencies. Any…