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Acc 546 Week 2

In: Business and Management

Submitted By jgish17
Words 1092
Pages 5
To: Apollo Shoes Board of Directors, Audit Committee
From: Joe Gish, CPA
RE: Audit Introductory Letter

Gentlemen and Ladies:

It is with great pleasure that our firm, JK CPA will be conducting the annual audit of Apollo Shoes. This is a tremendous responsibility that JK CPA will undertake in being the auditors for your prestigious firm. Over the next two months, we will conduct various tests of the accounts to determine within reasonable assurance that the financial statements are free from material misstatements. Within two weeks we will send out exactly what we need from the accounting and internal audit department. This way, we want this audit to be as smooth as possible.
In addition, we will also send out a detailed engagement letter along with a checklist, which will also contain our plans and goals to accomplish for the audit. I have made sure we have a solid team in place that is well versed in manufacturing and distributing companies such as yours to give you the top auditors in the field, so you can rest assured that JK CPA will cover all of your needs and then some.
Once again, thank you for your choice in JK CPA as your auditors we look forward collaborating now and in the years to come.

Engagement Letter:
John Doe, CFO
Apollo Shoes
1234 W. Main Street
Anywhere, USA 00000
Dear Mr. Doe,

This letter is to confirm our understanding that JK CPA will perform the audit of the financial statements of Apollo Shoes. The primary objective is the audit the financial statements prepared by use of Generally Accepted Accounting Principals (GAAP), using Generally Accepted Auditing Standards (GAAS). As noted in the introductory letter, JK CPA will perform various tests to determine if the financial statements were accounted for by using GAAP. Please keep in mind that JK CPA was engaged to offer an opinion on the financial statements

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