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

your manager has asked you to complete the audit of cash using the following items:

Audit Plan

Bank Reconciliation prepared by client

Outstanding check list prepared by client

Bank Confirmation received directly from the bank by your audit firm

Cutoff Statement for the period 1/1/2016 - 1/15/2016 - received directly

from the bank by your audit firm

Some other things to note:

The general ledger account balance at 12/31/2015 is $226,750.12

The last check written in 2015 was #3621

If you need to make any changes to the bank reconciliation either

update the client's prepared reconciliation, or prepare your own,

just document what you have done

Use the examples in the book and PowerPoint slides as your reference

when completing this assignment. You can use whatever

workpaper references and tickmarks you would like, just be

consistent.

If something doesnt agree to what it is supposed to agree to, continue

with the audit plan to determine what is wrong and how it can be

corrected

Instructions:

Print out this full package of information and complete the audit of cash.

Remember to document the procedures you have performed on both the

audit plan and workpapers, and make sure to include workpaper

indexes (references) and sign offs.

Apollo Shoes Inc December 21,2015	Documentation Reference	Performed By	Comments
1. Obtain confirmations from banks (standard bank confirmation)
2. Obtain reconcilliations of all bank accounts. a. Trace the bank balancde on the reconcilliation to the bank confirmation b. Trace the reconciled book balance to the general ledger c. Recomoute the bank reconciliation for mathematical accuracy
3. Examine the bank confirmation for evidence of loans and collateral
4.Inquire of the client to request a cutoff bank statement for each account, to be mailed directly to the audit firm a.Vouch deposits in transit on the reconciliation to the bank cutoff statement b.Trace the outstanding checks that have cleared the cutoff statement back to the list of outstanding checks on the bank reconciliation
5. Prepare a schedule of interbank transfers for a period of 10 business days before and after the year-end date. Document dates of book entry transfer and correspondence with bank entries and reconciliation items, if any.	N/A	N/A	N/A
6. Count cash funds in the presence of a client representative	N/A	N/A	N/A
7. Obtain management representations concerning compensating balance agreements	N/A	N/A	N/A

Apollo Shoes, Inc.

Bank Reconciliation - General Account

December 31, 2015

Balance per Bank Statement

$

3,309,192.03

Add: Deposits in Transit

440,782.45

Deduct: Outstanding Checks

(3,192,848.56)

General Ledger Cash Balance

$

557,125.92

Apollo Shoes, Inc.

Outstanding Checks

December 31, 2015

Check # Check Date Amount

3583 12/31/2015 9,606.37

3584 12/31/2015 823.27

3585 12/31/2015 7,960.15

3586 12/31/2015 8,533.12

3587 12/31/2015 4,741.30

3588 12/31/2015 14,122.85

3589 12/31/2015 6,707.05

3590 12/31/2015 10,587.77

3591 12/31/2015 7,566.07

3592 12/31/2015 5,684.08

3593 12/31/2015 18,421.90

3594 12/31/2015 12,741.49

3595 12/31/2015 988.55

3596 12/31/2015 10,014.94

3597 12/31/2015 15,746.44

3598 12/31/2015 16,472.00

3599 12/31/2015 12,610.96

3600 12/31/2015 200,000.00

3601 12/31/2015 5,717.19

3602 12/31/2015 6,394.61

3603 12/31/2015 14,766.54

3604 12/31/2015 15,816.16

3605 12/31/2015 4,807.21

3606 12/31/2015 2,794.07

3607 12/31/2015 2,667,006.32

3608 12/31/2015 9,515.15

3609 12/31/2015 1,501.40

3610 12/31/2015 5,929.87

3611 12/31/2015 1,266.85

3612 12/31/2015 4,194.79

3613 12/31/2015 17,205.98

3614 12/31/2015 14,366.46

3615 12/31/2015 12,904.00

3616 12/31/2015 9,338.02

3617 12/31/2015 1,073.73

3618 12/31/2015 13,377.14

3619 12/31/2015 7,841.27

3620 12/31/2015 2,566.30

3621 12/31/2015 11,137.19

Total 3,192,848.56

Account

604-17-526-5

Page

1 of 2

Apollo Shoes

100 Shoe Plazw

Shoetown, ME 00001

***Your Checking Account

1/1/2016 thru 1/15/2016***

Your Previous Balance

3,309,192.03

Additions

3 Deposits

29,597,022.90

2 transfers from other accounts

11,500,000.00

Deductions

55 checks

12,031,004.11

3 transfers to other accounts

29,365,369.20

Your Current Balance

3,009,841.62

Deposits and Other Additions

Date Amount

Date Amount

1/5/2015 440,782.45

1/13/2015 23,146,954.54

1/5/2015 6,009,285.91

Checks and Other Withdrawals

Check

Date

Amount

Check

Date

Amount

3586 1/3/2016 8,533.12

3590 1/7/2016

10,587.77

3587 1/3/2016 4,741.30

3603 1/7/2016

14,766.54

3582 1/3/2016 330,375.80

3604 1/7/2016

15,816.16

3591 1/4/2016 7,566.07

3606 1/7/2016

2,794.07

3598 1/4/2016 16,472.00

3583 1/10/2016

9,606.37

3597 1/5/2016 15,746.44

3584 1/10/2016

823.27

3599 1/5/2016 12,610.96

3588 1/10/2016

14,122.85

3602 1/5/2016 6,394.61

3592 1/10/2016

5,684.08

3615 1/5/2016 12,904.00

3594 1/10/2016

12,741.49

3612 1/5/2016 4,194.79

3595 1/10/2016

988.55

3593 1/6/2016 18,421.90

3601 1/10/2016

5,717.19

3610 1/6/2016 5,929.87

3605 1/10/2016

4,807.21

3617 1/6/2016 1,073.73

3607 1/10/2016 2,667,006.32

3619 1/6/2016 7,841.27

3608 1/10/2016

9,515.15

3585 1/6/2016 7,960.15

3609 1/10/2016

1,501.40

3589 1/6/2016 6,707.05

3613 1/10/2016

17,205.98

Account

604-17-526-5

Page

2 of 2

Checks and Other Withdrawals

Check

Date

Amount

Check

Date

Amount

3621 1/10/2016 11,137.19

3627 1/13/2016

6,891.16

3596 1/12/2016 10,014.94

3628 1/13/2016

6,025.43

3600 1/12/2016 200,000.00

3629 1/13/2016

927.09

3611 1/12/2016 1,266.85

3633 1/13/2016

6,924.96

3616 1/12/2016 9,338.02

3635 1/13/2016

5,174.00

3614 1/12/2016 14,366.46

3636 1/13/2016

585.28

3618 1/12/2016 13,377.14

3624 1/14/2016

6,868.12

3620 1/12/2016 2,566.30

3630 1/14/2016

8,419.69

3622 1/13/2016 6,683.93

3631 1/14/2016 8,434,889.09

3623 1/13/2016 2,937.13

3632 1/14/2016

1,117.19

3625 1/13/2016 124.81

3634 1/14/2016

4,994.99

3626 1/13/2016 15,216.88

Transfers to Other Accounts

Date Amount Account

1/7/2016 6,300,000.00

604-03-739-8

1/13/2015 22,500,000.00

604-03-739-8

1/14/2015 565,369.20

604-29-016-3

Transfers from Other Accounts

Date Amount Account

1/10/2015 3,500,000.00

604-03-739-8

1/14/2015 8,000,000.00

604-03-739-8

FINANCIAL INSTITUTION'S NAME AND ADDRESS

1. At the close of business on the date listed above, our records indicated the following deposit balance(s):

ACCOUNT NAME

ACCOUNT NO. INTEREST RATE

General Cash Account

604-17-526-5

n/a

2. We were directly liable to the financial institution for loans at the close of business on the date listed above as follows:

ACCOUNT NO./

INTEREST

DESCRIPTION

RATE

1/9/2016

(Date)

1/13/2016

(Date)

Please return this form directly to our accountants:

* Ordinarily, balances are intentionally left blank if they are not available at the time this form is prepared.

3,309,192.03

I.M. Rich

(Financial Institution Authorized Signature)

E.P Unum

(Customer's Authorized Signature

Approved 1990 by American Bankers Association, American Institute of Certified Public Accounts, and Bank Administration Institute. Additional forms available from: AICPA - Order

Department, P.O. Box 1003 NY, NY 10108-1003

STANDARD FORM TO CONFIRM ACCOUNT

BALANCE INFORMATION WITH FINANCIAL INSTITUTIONS

Apollo Shoes, Inc

CUSTOMER NAME

We have provided to our accountants the following information as of the close of business on

12/31/2016

,

regarding our deposit and loan balances. Please confirm the accuracy of the

information, noting any exceptions to the information provided. If the balances have been left blank,

please complete this form by furnishing the balance in the appropriate space below.* Although we do

not request nor expect you to conduct a comprehensive, detailed search of your records, if during the

process of completing this confirmation additional information about other deposit and loan accounts

we may have with you comes to your attention, please include such information below. Please use the

enclosed envelope to return the form directly to our accountants.

BALANCE*

Twenty First National Bank Post Office Box 1

Shoetown, ME 00002

The information presented above by the customer is in agreement with our records. Although we have not conducted a comprehensive, detailed search of our records, no other deposit or

loan accounts have come to our attention except as noted below.

EXCEPTIONS AND OR COMMENTS

No exceptions noted.

Andersen, Olds, and Watershed, LLP 32nd

Financial Avenue Shoetown, ME

00002

DATE THROUGH

WHICH INTEREST

IS PAID

DESCRIPTION OF

COLLATERAL

Note#106316

12,000,000

1/1/2015

8.15%

11/30/2014 Inventory