Write an engagement letter of no more than 1,050 words for a Section 404 audit of Apollo
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Writean engagement letter of no more than 1,050 words for a Section 404 audit of Apollo Shoes. Assume that Apollo Shoes is a publicly traded company for which the SEC requires an audit of internal control and an audit over financial reporting. The team should include the following key points in the engagement letter:
- An explanation of the significant regulations and guidelines related to audits of internal control
- A description of the internal control risks identified within Apollo Shoes
- A description of the relationship between internal controls and the audit process
- A brief synopsis of your responsibility in detecting and reporting fraud
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