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if anyone knows the apollo shoes case can someone please help me withnumber 1 with the engagement letter. An audit II. Overview of Case Requirements
if anyone knows the apollo shoes case can someone please help me withnumber 1 with the engagement letter.
An audit
II. Overview of Case Requirements Planning 1. Review the minutes of the meeting and draft an appropriate engagement letter. 2. Write a brief (one-page) audit staffing memo. 3. Develop audit programs for the substantive audit procedures for each of the functional balance sheet areas (indicated with an asterisk). 4. Study these minutes. Make notes in the format below for the audit working papers of matters relevant for the audit of the 2017 financial statements. Prepare a working paper for review with proper headings and these two columns: Information Relevant to 2017 Audit Audit Action Recommended 3. Put the numbers into three spreadsheets (one for the comparative (i.e., two-year) balance sheet, one for the comparative income statement, and one for the comparative statement of cash flows). Acet Acct Title W/P Ref Last year's Cure Current (Audited) Year (unaudited) Adjustments Dr. Cr. 6. Perform preliminary analytical procedures on the financial statements Calculate common-size financial statements and dollar amount and percent changes. Calculate financial ratios. Current Year (Audited) Compare Apollo's numbers with those of its closest competitors, Nike and Reebok 7. Write a brief memo highlighting what you believe are potential problem areas. Include your calculations as support 8. Prepare a memo addressing materiality for Apollo Sh Briefly describe independent Describes Step by Step Solution
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