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Apollo Shoes Engagement Letter

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Submitted By elowyn
Words 515
Pages 3
June 10, 2013

Larry Lancaster

Apollo Shoes, Inc.

Shoetown, ME 00001

Dear Mr. Lancaster:

This letter is to confirm the understanding of the objectives for the financial statements audit for Apollo Shoes, Inc. We are pleased to perform the financial statement audit for Apollo Shoes, Inc. for the year ending December 31, 2012 and at the end of the audit will provide an opinion of the completeness and fairness of the material presented. This opinion will include the financial position, results of operations, cash flows, and how the information conforms to generally accepted accounting principles in the United States. At this time our audit staff has accepted this engagement, and would like to confirm the audit objectives, terms, and nature of services to be provided for this engagement.

The audit will be conducted in accordance with generally accepted auditing standards in the United States and internationally. These standards require our company to plan and perform the audit to obtain assurance the financial information presented in the statements is free from errors or material misstatements whether unintentional or due to fraud. Our firm will provide reasonable, but not absolute assurance within the opinion at the end of the audit. Audits do have an inherent risk of material misstatements existing but escaping the examination of the auditors. This is unavoidable due to the limitations of accounting and inherent limitations of any internal control system. Included in the final audit report to management will be a letter outlining what material weaknesses our audit team has identified in both your company’s accounting practices and internal controls in detecting misstatements or errors in the financial information.

The management of Apollo Shoes, Inc.’s has responsibility for the financial statements. They are also responsible for

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