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Required information Skip to question In this mini - case you will perform some procedures required as part of audit planning. For ease, your audit
Required information Skip to question In this minicase you will perform some procedures required as part of audit planning. For ease, your audit manager has already organized the workpapers and completed several of the required workpapers. Instructions: Read and respond to the email from your manager, then read the steps in the audit program found on Work Paper A and familiarize yourself with the other planning section work papers. Complete all the steps on the audit program instructed by your manager. When you are finished with the items on the workpaper enter your initials in the box in the top right marked "Prepared By This entire completed workbook should be renamed as PLANFirstnameLastname and upload. Read over the K then please answer the following questions: List three relevant facts about Apollo Shoes that you think might have an impact on the financial statement audit. Define what is meant by a significant account or disclosure. Identify at least two significant accounts or disclosures from the financial statements of Apollo Shoes. What makes each item significant? Define what is meant by a relevant assertion. Identify at least one relevant assertion for each of the significant accounts or disclosures previously identified from the financial statements of Apollo Shoes. What makes each assertion relevant?
Required information
Skip to question
In this minicase you will perform some procedures required as part of audit planning. For ease, your audit manager has already organized the workpapers and completed several of the required workpapers.
Instructions:
Read and respond to the email from your manager, then read the steps in the audit program found on Work Paper A and familiarize yourself with the other planning section work papers. Complete all the steps on the audit program instructed by your manager.
When you are finished with the items on the workpaper enter your initials in the box in the top right marked "Prepared By
This entire completed workbook should be renamed as PLANFirstnameLastname and upload.
Read over the K then please answer the following questions:
List three relevant facts about Apollo Shoes that you think might have an impact on the financial statement audit.
Define what is meant by a significant account or disclosure.
Identify at least two significant accounts or disclosures from the financial statements of Apollo Shoes. What makes each item significant?
Define what is meant by a relevant assertion.
Identify at least one relevant assertion for each of the significant accounts or disclosures previously identified from the financial statements of Apollo Shoes. What makes each assertion relevant?
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