Audit Engagment Letter
Running head: Beginning the Audit Report
Beginning the Audit Report
Gina Taylor Auditing ACC/546
Selina Ashworth
August 20, 2012
AUDIT ENGAGEMENT LETTER
August 20, 2012
Larry Lancaster
Apollo Shoes
10253 W. Higgins Rd. Ste 600
Rosemont, IL 60018
Dear Mr. Lancaster:
This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services we will provide.
Services
We will audit the financial statements of Apollo Shoes as of December 31, 2011, and for the year then ending. We will also audit management’s assertion about the effectiveness of internal control over financial reporting at December 31, 2011. Upon completion of our audits, we will provide you with our audits report on the financial statements and internal control. If for any reasons caused by you or relating to the affairs of the Company, we are unable to complete the audits, we may decline to issue a report as a result of this engagement. In conjunction with the annual audit, we will perform reviews of the Company’s unaudited quarterly financial statements and related data for each of the first three quarter in the year ending December 31, 2011. These reviews will be conducted in accordance with standards established by the Public Company Accounting Oversight Board (United States), and are substantially less in scope than audits. Accordingly, a review may not reveal material modifications to the quarterly financial information to make it confirm with generally accepted accounting principles.
Our Responsibilities and limitations
The objective of our audit is the expression of an opinion about whether your consolidated financial statements are fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States of America. Our audit will be conducted in accordance with auditing standards generally accepted in the United States and will include tests of your accounting records
Beginning the Audit Report
Gina Taylor Auditing ACC/546
Selina Ashworth
August 20, 2012
AUDIT ENGAGEMENT LETTER
August 20, 2012
Larry Lancaster
Apollo Shoes
10253 W. Higgins Rd. Ste 600
Rosemont, IL 60018
Dear Mr. Lancaster:
This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services we will provide.
Services
We will audit the financial statements of Apollo Shoes as of December 31, 2011, and for the year then ending. We will also audit management’s assertion about the effectiveness of internal control over financial reporting at December 31, 2011. Upon completion of our audits, we will provide you with our audits report on the financial statements and internal control. If for any reasons caused by you or relating to the affairs of the Company, we are unable to complete the audits, we may decline to issue a report as a result of this engagement. In conjunction with the annual audit, we will perform reviews of the Company’s unaudited quarterly financial statements and related data for each of the first three quarter in the year ending December 31, 2011. These reviews will be conducted in accordance with standards established by the Public Company Accounting Oversight Board (United States), and are substantially less in scope than audits. Accordingly, a review may not reveal material modifications to the quarterly financial information to make it confirm with generally accepted accounting principles.
Our Responsibilities and limitations
The objective of our audit is the expression of an opinion about whether your consolidated financial statements are fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States of America. Our audit will be conducted in accordance with auditing standards generally accepted in the United States and will include tests of your accounting records