week 3 paper - Audit Report and Internal Control Evaluation...

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Audit Report and Internal Control Evaluation The Audit Report and Internal Control Evaluation Randi Padavano ACC 546 Cecil Lucy October 17, 2011
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Audit Report and Internal Control Evaluation John Doe Vice-President-Finance, Apollo Shoes Inc., 123 Shoe Avenue New York, NY 10001 Apollo Shoes’ Board and Shareholders: On behalf of Guardian, this firm audited the balance sheets of Apollo Shoes Incorporated beginning December 31, 2009 to 2010. The financial reports that were audited included the revenue, complete revenue, stockholder’s equity, and the cash-flows from the two year period. Guardian has also assessed the reports from the managers that included their statements. The internal controls of Apollo Shoes have retained effective control over the financial reports that were audited. Apollo Shoes Incorporated has a responsibility to produce accurate financial statements. This would be done by keeping effective internal control over the financial reports. This company also has a responsibility to perform evaluations of the internal controls over the same financial reporting systems to ensure no errors are reported. Guardian is accountable for
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This note was uploaded on 12/15/2011 for the course ACC ACC taught by Professor Mari during the Fall '10 term at University of Phoenix.

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week 3 paper - Audit Report and Internal Control Evaluation...

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