You are on the audit team of Apollo Shoes for the year ending December 31, 2015.

Your manager has asked you to draft the audit report for the year ended December 31, 2015.

Some other things to note:

Appollo Shoes is a public entity and you did not test controls for effectivness

The following were NOT noted during the audit

No departures from GAAP

No scope limitations

No material misstatements noted

No other inforamtion presented with the financial statements

Instructions: Prepare a draft of the audit for Apollo Shoes as of December 31, 2015

Expert Answer