Audit Report

The background of this paper we need to mention is that West Coast Fashions, Inc. (WCF), a large designer and marketer of branded apparel announced a strategic reorganization calling for a divestiture of certain assets, and one of the divisions it intended to shed was Mercury Athletic, its wholly owned footwear subsidiary. John Liedtke, the head of business development for Active Gear, Inc. (AGI), a privately held athletic and casual footwear company, contemplated an acquisition opportunity of Mercury that would significantly improve his business. So, he wanted to evaluate this opportunity.

1) Prepare common-sized balance sheets and income statements for Just for Feet for the period 1996-1998. Also, compute key liquidity, solvency, activity, and profitability ratios for 1997-1998. Given these data, comment on what you believe were the high-risk financial statement items for the 1998 Just for Feet audit.

The following memo aims to outline the results of the audit of Apollo Shoes, give recommendations to improve the company’s operations, and provide justification for our qualified opinion.

We have audited the accompanying balance sheets of Apollo Shoes, Inc. as of December 31, 2008, and the related statements of income, comprehensive income, shareholders’ equity, and cash flows for the year ended, and related notes to the financial statements. We have also audited management’s assessment, included in the accompanying Management’s Report on Internal Control Over Financial Reporting, that Apollo Shoes, Inc. maintained effective internal control over financial reporting as of December 31, 2006, based on criteria established in

It is also correct that each Auditors of Sloan & Spencer Auditing Firm LLC are most experienced in the specified industry and have complete knowledge, familiarity with retail rules and regulations concerning aspect of accounting procedures. It is our firm duty to be versed in the CASS, and other payment settlement systems, and other auditing experience. The auditors of Sloan & Spencer Auditing Firm LLC will give their qualitative and technological sources to each assignment individually. Our firm Assurance service is performed by our professional CPAs, possessing the goal of improving Apollo Shoes financial information or the contest of the financial information so that management decision-making can make more informed and making better decisions.

We designed the Apollo Shoes audit case to introduce students to the entire audit process, from planning the engagement to drafting the final report. Students are asked to assume the role of a veteran of two-to-three “busy” seasons, “in-charging” for the first time. Communication between the students and client personnel and other firm members takes the form of e-mail messages from the engagement partner (Arnold Anderson), the engagement manager (Darlene Wardlaw), an intern (Bradley

Belle Montaseur’s Inc. is a high-end shoe company (firm) with a reputation for integrity, quality craftsmanship, and excellence in management. In the final year our Game-to-Date (G-T-D) Score came to eighty five. Belle Montaseur’s Inc. was formed by Michael P. Blattner as an entity in September 2013. In Year Eleven our Net Revenues were $253,670,000. In Year Eighteen our Net Revenues were $273,077,000. We had a couple of down years from not allowing a forty percent markup in prices which was one of our major downfalls (this led to bad numbers for those Years). We did not earn a Gold Star Award like Dashing Shoes did every year.

It is important because the use of the budget spreadsheet as a tool relies on the fact that data is accurate.

We have completed our risk assessment as requested by management. The following report will take you through our completed risk matrix, narratives about the risks and controls, and provide a summary of our findings. The areas covered

Based on the Ernst & Young report to do an "independent" inspection of Nike 's factories, Observers found the following:

Investors and other financial statement users receive information regarding an auditor’s work, concerning a company’s financial statements, through an audit report. In the United States, the audit report has changed little since the 1940s (PCAOB 2013b). Currently it, “identifies the financial statements that were audited, the scope and nature of the audit, the general responsibilities of the auditor and management, and presents the auditor 's opinion as to whether the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of the company in conformity with the applicable financial reporting framework” (Advisory Committee on the Auditing Profession 2008).

The audit will be conducted on an approximate 4 wards, these wards comprise the individuals most likely to be ‘high risk’ and in need of a ‘red tray’, such wards include:

The new rules by the SEC 's require audit committees to include a report in the company 's proxy statement that informs shareholders of the committee 's financial oversight responsibilities.

The reason for this report is to assess how the Adidas Group did amid the current three years in regard of money related articulations proportion. Besides, it will give an evaluation of the inborn estimation of the shares of Adidas AG. The initial segment of this report will quickly portray Adidas and the business it 's contending in. Promote on, there will be utilized a cross-sectional examinations to assess the execution and to contrast Adidas with a contending organization. The picked organization is Nike, because of equivalent monetary years. The second some portion of this report comprise of a numerous examination and a free income valuation demonstrate which will give a valuation of Adidas ' shares. The majority of the data and

AppolloIspat Complex Limited incorporated the incorrect financial statements for the year ended on June 30, 2011 with the Prospectus, which do not give a true and fair view of the state of the company’s affairs. For this unfair practice AppolloIspat Complex Limited and ICB Capital Management Limited have been punished.