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Report of Registered Public Accounting Firm

In: Business and Management

Submitted By Agardner1451
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of Apollo Shoes, Inc. We have audited the accompanying balance sheets of Apollo Shoes, Inc., as of December 31, 2006 and 2005, and related statements for each of the years in the two-year period ended December 31, 2005. We have also audited management’s assessment including the Management’s Report on Internal Control over Financial Reporting, maintained by Apollo over the Financial reporting as of December 31, 2006, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. The management of Apollo shoes is responsible for maintaining effecting internal control over financial reporting, its assessment of internal controls and for the financial statement. The responsibility of our firm is to express an opinion on the financial statements, an opinion on management’s assessment, and an opinion on the effectiveness of Apollo Shoe’s, Inc. internal controls over financial reporting based on our audit. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB). These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether there are effective internal controls in place over financial reporting. The audit of the financial statements including examination on a test basis with supporting evidence of the amounts and disclosures in the financial statements. Assessing accounting principles used by management and estimates made by management. Evaluating the financial statement presentation, overall. The audit of the internal control of financial reporting includes obtaining an understanding of internal control over

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