|review the minutes of the board of directors meetings and prepare a working paper of the matters |36 | |relevant to the 2007 audit | | |create an income statement and balance sheet from the trial balance |40 | |perform preliminary analytical procedures on the 2007 unaudited financial statements |43. This has been a productive meeting of the minds wardlaw (manager on the audit ): yes” after our old auditors anderson (partner on the audit): no ms is it necessary for you to speak with them to accept the engagement mr apollo shoes october 18 why did your previous auditors resign mr we plan the work to look for.
In other words, pay close attention to information disclosed early in the audit (for example, in the board of director's minutes) as it may play a role in subsequent audit work similarly, the bank cutoff statement in the cash workpapers and invoices used for valuing inventory may be useful later in the search for unrecorded. Document title: ga-6 date: january 16, 2015 to: darlene wardlaw from: jennifer babcock subject: considerations of potential fraud memo this memo is meant to address the possibilities of fraud within apollo shoes inc after careful review of the board of directors meeting minutes and the analytic.
These cases send a clear message – there is an increasing trend of holding company directors accountable for the actions of a company one such case is the may 2012 james hardie case which highlights the importance of directors getting board meeting agendas and minutes right, so that they can fulfil their statutory.
Apollo shoes, inc 1 introduction apollo shoes, inc is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report you are asked to in the audit (for example, in the board of director's minutes) as it may play a role in subsequent audit work similarly, the. Apollo shoes would like you to prepare a letter explaining how you plan to begin the audit process include with your letter the folling documents for the management at apollo engagement checklist engagement letter outline of time frames and milesstones for the audit.