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Week 1 Audit Letter

In: Business and Management

Submitted By dmillice
Words 719
Pages 3
AOW

April 7, 2014
Larry Lancaster
Apollo Shoes
55 Apollo Circle
Apollo, NE 68138

Dear Mr. Lancaster,
I have been informed that your company, Apollo Shoes, is considering utilizing my firm, AOW, for auditing and assurance services. I want to personally thank you for the consideration. There are a few services I can offer your company that would be very beneficial to you. These services including auditing your financial statements, attestation services, controls over and risks related to investments, and fraud and illegal acts risk assessment.
Auditing Service
When it comes to auditing, we are here to audit your financial statements. According to Arens, Elder, and Beasley (2012), auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria (Chapter 1). Our goal is to independently verify the financial statements produced by your company. My team will test revenue, expenses, purchasing, and many other items during our financial statement audit. This should give you the confidence in the information your company is putting out.
Assurance Service
In addition to the auditing service that AOW will provide to Apollo, we are also prepared to offer assurance services such as attestation services, controls over and risks related to investments, and fraud and illegal acts risk assessment. Attestation services include audit of internal control over financial reporting, reviews of historical financial statements, and attestation services on information technology. According to Arens, Elder, and Beasley (2012), for an audit of internal control over financial reporting, management asserts that internal controls have been developed and implemented following well established criteria (Chapter 1). Reviewing your historical financial

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