资源描述:
《apolloshoes,inc》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、APOLLOSHOES,INC.AnAuditCasetoAccompanyAUDITINGANDASSURANCESERVICESPreparedbyTimothyJ.LouwersM.LorettaManktelowJamesMadisonUniversityJ.KennethReynoldsIndianaUniversityCopyright2015©McGraw-HillEducation. Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducat
2、ion.Page153AcknowledgementsWewouldliketogratefullyacknowledgethefollowingindividualsfortheirassistanceinpreparingandcompletingthiscase.SincereappreciationisduetoMarciaCroteau,ReaganMcDougall,MeghanPeters,DenisePatterson,BobRamsay,MikeShaub,andseveralclassesofLouisianaStateUniversityandJamesMadis
3、onUniversitystudents.Theirsuggestionsgreatlyenhancedseveralportionsofthecase.However,weremainresponsibleforallerrorsofcommissionandomission.Copyright2015©McGraw-HillEducation. Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.Page153IntroductionApo
4、lloShoes,Inc.isanauditcasedesignedtointroduceyoutotheentireauditprocess,fromplanningtheengagementtodraftingthefinalreport.Youareaskedtoassumetheroleofaveteranoftwo-to-three“busy”seasons,“in-charging”forthefirsttime.WhileApolloShoes’growthhasbeenphenomenal(therehasbeenadramaticgrowthinunauditedne
5、tincomeoverthepastyear),therearesomeconcerns:theclientdoesn’twantyourfirm(Anderson,Olds,andWatershed(AOW))totalkwiththepredecessorauditor,alaborstrikeislooming,andoneofApolloShoes’largestcustomersissufferingsomefinancialdifficulties.Becauseofbusyseason,thereislittlehelp,otherthanfromanuntrainedi
6、ntern.Whiletheinterncando“gruntwork,”suchasvouchingandgatheringinformationforyou,heappearsincapableofpreparingworkpapers,makingadjustingentries,orevengettinggoodcoffeeanddoughnuts.Assistancedoescomeintheformofanobjective,competentinternalauditstaff.Communicationbetweenclientpersonnelandotherfirm
7、memberstakestheformofe-mailmessagesfromtheengagementpartner(ArnoldAnderson),theengagementmanager(DarleneWardlaw),theintern(BradleyCrumpler),andthedirectorofApollo’sinternalauditdepartment(KarinaRamirez).Requiredassignmentsan