GA-1 October 21‚ 2011 Mr. Larry Lancaster Chairman‚ President and CEO Apollo Shoes‚ Inc. Shoetown‚ ME Dear Mr. Lancaster: This letter documents our mutual understanding of the arrangements for the services described herein. Scope of Services Anderson‚ Olds and Watershed (AOW) will audit the balance sheet of Apollo Shoes as of December 31‚ 2011 and the related statements of income‚ retained earnings and cash flows for the year then ended. Our audit will be conducted in accordance
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Recommendations Based on (b)‚ the control environment sets the tone of an organization‚ influencing the control consciousness of its people. It is the foundation for all the other components of internal control‚ providing discipline and structure for the whole organization. It is important to an entity in the overall attitude and actions of managements. To overcome the weaknesses for the internal control system over sales‚ the company should have separation of the duties. The company should assign
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------------------------------------------------- Internal Control Questionnaire—Sales Transaction Processing Assertions and Questions | Yes‚ No‚ N/A | Comments | Occurrence assertion: | 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. | N/A | | 3
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attached a Sales internal control questionnaire from another engagement that I think you can use for Apollo. You may want to talk to Karina Ramirez to get answers to the questions. 1. Complete the ICQ for Apollo. For “yes” answers‚ add a comment stating which department and clerk performs the function. For “no” answers‚ describe the possible “errors” or “frauds” that could occur because of the control weakness. 2. I’ve started a flowchart and listed some strengths and weaknesses‚ but had to
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Servis shoes company first of all we have define the product line of Servis company‚ after that we have done industry analysis by performing PEST analysis and future trends in the PEST of shoes industry. After this we have performed “Porter Five Force Model”‚ competitor analysis‚ marketing strategies of servis and change in competition in the shoes industry. We have also discussed that what should a leader do in this kind of situation in the industry. To analyze the strengths and weaknesses of the
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Case: Shoes for Moos INC Executive Summary Now Shoes for Moos is only a potential company built by Jim. The product is the special shoe for cows‚ combined with foot treatment‚ easy cleaning‚ durable and reusable. Jim hired his bother-in-law‚ Tom and have a limited amount of investment capital. Jim is trying to make a decision that chooses an alternative to distribute and promote their products. Decision Statement Starting Shoes for Moos is feasible. Considering
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(Hamilton‚ 1) The Greeks recognized twelve main gods‚ the brothers‚ sisters‚ and children of the king of the gods Zeus. (Bleiberg) Among these twelve was Zeus’s son Apollo. Although Apollo is best known as the Greek god of music‚ archery‚ healing‚ light‚ and truth‚ he was also known for acts of destruction and nature’s control of life. Apollo was the son of Leto and Zeus and the twin of Artemis. Leto‚ also called Latona‚ was the Titan daughter of
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1970 the Apollo 13 Lunar Mission launched from the Kennedy Space Center in Florida. Aboard Apollo 13‚ 3 astronauts—Jim Lovell‚ Jack Swigert and Fred Haise—were seeking to be the third mission to land on the moon. 56 hours into the flight the members of the ground crew of Mission Control in Houston‚ Texas listened as the 5 words NASA never wants to hear resonated through the speakers: “Houston we have a problem.” These words were immortalized during the apprehensive days of the Apollo 13 lunar
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To: Date: 13/6/13 Strengths and weaknesses I have a number of key strengths that are contributive to working as a competent manager. I have sound logic‚ am diplomatic and disciplined and approach social situations with an open mind and an eagerness to understand. While all of these are personal traits‚ undoubtedly they
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Apollo 13 Synopsis On July 20‚ 1969‚ veteran astronaut Jim Lovell hosts a party for other astronauts and their families‚ who watch on television as their colleague Neil Armstrong takes his first steps on the Moon during the Apollo 11 mission. Lovell‚ who orbited the Moon on Apollo 8‚ tells his wife Marilyn that he intends to return‚ to walk on its surface. On October 30‚ while giving a VIP tour of NASA’s Vehicle Assembly Building‚ Lovell is informed by his boss Deke Slayton that he and his crew
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