[SOLVED] Apollo Shoes is an audit case designed to introduce you to | SolutionInn

Question: Apollo Shoes is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report. You Apollo Shoes is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report. You are asked to assume the role of a veteran of two-to-three “busy” seasons, “in-charging” for the first time. Communication between you 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 Crumpler) assigned to do the “grunt work,” and the director of Apollo’s internal audit department (Karina Ramirez). The information is sequential in nature. In other words, you must pay close attention to information disclosed early in the audit (for example, in the Board of Director’s minutes) as the information may play a role in subsequent audit work. Similarly, the bank cutoff statement in the cash workpapers and invoices used for valuing inventory may be useful later in the search for unrecorded liabilities. The bank confirmation contains information about long-term liabilities. Detailed instructions regarding the information needed, as well as audit procedures you need to perform, can be found on Connect. The instructions are outlined in the form of emails from the audit manager.