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Engagement Letter for Apollo Shoes

In: Business and Management

Submitted By yrios999
Words 362
Pages 2
A.L.A.Y
Certified Public Accountants

DATE

Dear Mrs, Smith:

This will confirm our understanding of the arrangements for our audit of the financial statements of Apollo Shoes, for the year ending December 31, 2015.
We will audit the Company's balance sheet as of December 31, 2015, and the related statements of income, retained earnings, stockholders equity, and cash flows for the year for the purpose of expressing an opinion on them. The financial statements are the responsibility of the Company management. Our responsibility is to express an opinion on the financial statements based on our audit.
We will conduct our audit in accordance with Generally Accepted Auditing Principles (GAAP). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. It will require examination through various tests and evidence supporting the amounts and disclosures in the financial statements. The audit will also include assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit will provide a reasonable basis for our opinion.
Although the audit is designed to provide assurance to detect error and irregularities that are material to the financial statements, it is not designed and cannot be relied upon to disclose all fraud or other irregularities. However, we will inform you of any material errors, and all irregularities or illegal acts, unless they are clearly insignificant, that come to our attention.
As part of our engagement for the year ending December 31, 2015 we will review the federal and state income tax returns for Apollo Shoes.
Further, we will be available during the year to consult with you on the tax effects of any transactions…...

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