Note that the scope paragraph indicates how the audit

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Unformatted text preview: ove present fairly, in all material respects, the financial position of the Company as of December 31, 2011 and 2010, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2011, in conformity with U.S. generally accepted accounting principles. Explanatory paragraph referring to the audit of internal control: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of EarthWear Clothiers’ internal control over financial reporting as of December 31, 2011, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated February 15, 2012, expressed an unqualified opinion that EarthWear Clothiers maintained, in all material respects, effective internal control over financial reporting. Name of auditor: Willis & Adams Boise, Idaho Date of report: February 15, 2012 Public company-PCAOB Nonpublic--GAAS mes25435_ch01_001-032.indd 23 with U.S. generally accepted accounting principles” indicates the criteria against which the auditor assesses management assertions. Second,...
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This note was uploaded on 12/08/2012 for the course ACCT 564 at Washington University in St. Louis.

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