Staffing Memo
MEMO
TO: Darlene Wardlaw
FROM: Bradley Crumpler
DATE: September 20, 2014
RE: Staffing Memo for the Apollo Shoes, Inc. audit for 12/31/2014
After reviewing last year’s (2013) 10-K filing with the SEC, the board of directors’ minutes, and other documents pertaining to Apollo Shoes, Inc. here is our initial recommendation for staffing requirements:
Audit engagement partner *
Audit manager *
It audit specialist
Tax partner
Quality assurance partner
Legal specialist
Audit Staff *
Audit Engagement Partner – the audit engagement partner is someone who has industry knowledge and will have the final responsibility for the audit engagement. Arnold Anderson, CPA, has been assigned to be the lead partner for the Apollo Shoes, Inc. audit for the period ending December 31, 2014, and fulfills the necessary requirements.
Audit Manager – the audit manager will be in charge of overseeing the audit engagement, including planning the work, supervising any assistants, and communicating with the client. The audit manager assigned to Apollo Shoes, Inc. audit is Darlene Wardlaw.
Information Technology Specialist – an IT specialist will help oversee and monitor Apollo Shoes information technology system to ensure proper policies, procedures, and controls are in place to mitigate control risk. They will also be able to compile a vast array of complex data into a coherent report for the audit committee. Further, an IT specialist will be needed to determine the total cost of installing Apollo Shoes new information system, and shed some light on why a $44 million draw was made to fund the purchase when the board had originally approved up to $1.2 million for the purchase and installation of a new information system.
Quality Assurance Partner – is the second partner on the engagement, who will be responsible to review the work in areas with significant risk, including evaluating significant judgments made by the audit team and the conclusions reached. Since Apollo Shoes, Inc. will be a
TO: Darlene Wardlaw
FROM: Bradley Crumpler
DATE: September 20, 2014
RE: Staffing Memo for the Apollo Shoes, Inc. audit for 12/31/2014
After reviewing last year’s (2013) 10-K filing with the SEC, the board of directors’ minutes, and other documents pertaining to Apollo Shoes, Inc. here is our initial recommendation for staffing requirements:
Audit engagement partner *
Audit manager *
It audit specialist
Tax partner
Quality assurance partner
Legal specialist
Audit Staff *
Audit Engagement Partner – the audit engagement partner is someone who has industry knowledge and will have the final responsibility for the audit engagement. Arnold Anderson, CPA, has been assigned to be the lead partner for the Apollo Shoes, Inc. audit for the period ending December 31, 2014, and fulfills the necessary requirements.
Audit Manager – the audit manager will be in charge of overseeing the audit engagement, including planning the work, supervising any assistants, and communicating with the client. The audit manager assigned to Apollo Shoes, Inc. audit is Darlene Wardlaw.
Information Technology Specialist – an IT specialist will help oversee and monitor Apollo Shoes information technology system to ensure proper policies, procedures, and controls are in place to mitigate control risk. They will also be able to compile a vast array of complex data into a coherent report for the audit committee. Further, an IT specialist will be needed to determine the total cost of installing Apollo Shoes new information system, and shed some light on why a $44 million draw was made to fund the purchase when the board had originally approved up to $1.2 million for the purchase and installation of a new information system.
Quality Assurance Partner – is the second partner on the engagement, who will be responsible to review the work in areas with significant risk, including evaluating significant judgments made by the audit team and the conclusions reached. Since Apollo Shoes, Inc. will be a