Question
THE CASE STUDY IS GIVEN TO ME THROUGH A WEBSITE. i ADDED THE WEBSITE AFTER THE QUESTIONS THAT NEED TO BE ANSWERED. Can you please
THE CASE STUDY IS GIVEN TO ME THROUGH A WEBSITE. i ADDED THE WEBSITE AFTER THE QUESTIONS THAT NEED TO BE ANSWERED.
Can you please help me?
One last thing to do and then we can wash our hands of the whole thing. You need to draft an audit report to go with the financial statements you drafted (put it in the A-series workpapers).
1) You should date the report as of the end of fieldwork next week (March 6, 2015).
2) Remember that we didnt audit Apollo last year, so we will probably need to refer to the other auditors who audited the previous years financial statements.
3) Adjust the report to reflect the fact that Apollo didnt adjust its accounts receivable/allowance/sales for the Mall-Warts problems.
4) What do you think about a going-concern disclosure? We will probably need a memo in the workpapers (A-series) addressing this issue and discussing the reasons why we should or shouldnt give them a going concern paragraph.
5) Any subsequent events that need disclosure?
****THE CASE STUDY IS THE WEBSITE BELOW****
https://www.slideshare.net/JenniferBabcock3/apollo-shoes-audit-case
THANK YOU
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