Planning the Engagement to Drafting the Final Report for the Audit of APOLLO SHOES, INC.

Planning the Engagement to Drafting the Final Report for the Audit of APOLLO SHOES, INC.

The case study is attached via word document. You need to perform the following task:

• Audit PP&E (see pg. 121)
• ICP-1 (Memo discussing responsibilities for auditing the controls…) (see pg. 131)
• L-4 (Substantive payroll procedures) (see pg. 131)
• R-1 (look at revenues) (see pg. 139)
• X-1 (look at expenses) (see pg. 139)
• Use analytic procedures for those that should be comparable to those in the previous year (see pg. 139)
• Double-check the board of directors’ minutes for explanations of fluctuations (see pg. 139)
• Prepare a memo (to be placed in the A series with the financial statements) on these subsequent events and how you believe we should address them (see pg. 143)
• You need to draft a proposed management representation letter(see pg. 146)
• You need to also draft the management certification statement required by Sarbanes-Oxley. (see pg. 146)
• Propose the adjustments to the financial statements you believe necessary for Arnold to give the standard unmodified report on the Apollo Shoes financial statements (see pg. 147)