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
Premium Audit Auditing
Audit plan – Accounts Receivable and Notes Receivable Audit Procedures Audit Objectives W/P Ref. Initials Comments Accounts Receivable 1. Obtain an aged trial balance of individual customer accounts. Recalculate the total and trace to the general ledger control account. 2. Review the aging for large and unusual items. 3. Send confirmations to all accounts over $X. Select a random sample of all remaining accounts for confirmation. a.i.1.a.i.1.a. Investigate exceptions reported by
Premium Accounts receivable Balance sheet
Case 9: The travel expense billing controversy and the false claim act Date: September 19th 2012 1.Why would an independent audit firm‚ like PwC‚ that depends upon the maintenance of its reputation for integrity and professionalism‚ to retain and attract clients‚ risk the loss of that reputation by engaging in what appears to be unethical behaviour (not returning travel expense rebates)? Explain your answer and reasoning. According to Fleet (1991)‚ ethics are those standards or morals a person
Premium Ethics
business partners for Tabor. The team has compiled a preliminary list of organizations to present to Tabor. Once approved‚ an assigned outreach committee will begin interacting with businesses. The committee members will write an official outreach letter (pending approval) to present to each business in conjunction with other supplementary materials provided by Tabor. The committee will work together to formulate an elevator pitch‚ which will be tailored to different businesses. Once businesses express
Premium Social media marketing Social media Understanding
[This sample letter is for REFERENCE ONLY. IMC schools should also refer to EDBC No. 17/2008 on “Appointment of Auditors and Audit Engagement Letter” or its update.] Sample Audit Engagement Letter (for REFERENCE ONLY) Our Ref. : Date : The Incorporated Management Committee of (name of IMC School) (“School”) Dear Sirs‚ |AUDIT ENGAGEMENT LETTER | The purpose of this letter is to set out the basis on which we are to act as
Premium Audit
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
Premium Invoice Accounts receivable Accounts payable
Vesley‚ Otto‚ Miller & Keefe 123 Pearls before Swine St. Eau Claire‚ WI 55555 Telephone: (715)555-5555 Fax: (715)555-5556 March 7‚ 2014 Joan Togstad 2122 XYZ Street Eau Claire‚ WI 55555 RE: NON-ENGAGEMENT Dear Mrs. Togstad: Thank you for your interest in our law firm. As we previously discussed when you came into our office December 27 2013‚ I needed to do some research before accepting to represent you and your husband in this case. At this time
Premium Medical malpractice Injury Wisconsin
Relevant Information-Apollo Shoe GA-3 Information Relevant to 2011 Audit Audit Action Recommended Pressure to meet sales targets GA 3-1 Increase procedures related to existence of sales and valuation of receivables‚ as well as cutoff Purchase of equipment GA 3-1 Verify through invoices and receiving reports if equipment purchased during the year Verify terms of refinancing for accuracy as well as interest payments. Line of credit refinanced GA 3-1 Did they pay note on Jan. 1‚ 2012 or refinance
Premium Dividend Money
INTERNAL AUDIT REPORT 2011-09 KincaidOutdoorCenterCashControls ParksandRecreationDepartment July 12‚20II OF ANCHORAGE MUNICIPALITY Internal Audit Department 632 W 6th Avenue‚Suite600 P . O .B ox 1 9 6 6 5 0 Anchorage‚Alaska 99519-6650 http://www.muni.org/audit OFFICE OF THE INTERNAL AUDITOR PeterRaiskums‚CIA‚ CFE‚ CGFM Director Phone: (907) 343-4438 Fax: (907) 343-4370 E-Mail: raiskumspw@muni.org OF AIVCHORAGE M UNICIPALITY Phone:907-343-4438 Fax:907-343-4370 Auditor Officeof the Internal 632W
Premium Auditing Financial audit Internal audit
60612 December 18‚ 2009 Mr. Kevin Chen‚ Chair of the Audit Committee of the Board of Directors Peach Blossom Cologne Co. 1308 Bee Hive Boulevard Chicago‚ Illinois 60615 Dear Mr. Chen: This will confirm our understanding of the arrangements for our audit of internal control over financial reporting performed in conjunction with an audit of the financial statements of Peach Blossom Cologne Co. for the year ending December 31‚ 2009. We will audit the company’s financial statements for the year ending
Premium Auditing Sentence Audit