Essay on Apollo Shoes Case

Seek approval to review the organization’s policies and schedule a meeting/interview with the unit manager by _____ (fill in date).

* From the e-Activity, choose one (1) of the eight (8) steps in the Clarified Auditing Standards–Learning and Implementation Plan. Based on the step you have chosen, analyze support for the action plan proposed, and make at least two (2) recommendations that would improve support of the action plan.

At Apollo Shoes, Inc., we like to briefly acknowledge achievement and then proceed to new challenges. This year was great only because it provided us with resources to expand operations and further technological progress. As we continue into this century of "more, faster, better," it is critical to continue this tradition because production, speed, and quality are critical elements for future success. We look forward to the challenge.

The board meeting was well run. The atmosphere was positive, supportive, inspiring and respectful. As you entered the boardroom, a table was set up with a sign-in sheet, agendas, handouts, and blue cards. The blue cards were for the public. If they desired to address the board concerning an agenda item, they must fill it out and submit it to the secretary.

An agenda was provided at the beginning of the meeting. There were seven items on the agenda. They were the Call to Order, Approval of Meeting Minutes from February 6th, 2015, the Treasurer’s Report, Fundraising Report, Program Updates, Environmental Stewardship Updates, any New

|You are required to prepare and conduct a performance review meeting based on the scenario below: | |

Sarah, president and general manager, would like to expand the business and wants to secure a $150,000 loan in order to achieve this goal. Before the loan can be approved, Sarah’s banker has requested that the corporate financial statements of Smackey Dog Foods, Inc. be audited. Keller CPAs has been hired to audit the corporate

• Conducted the audit for effectiveness and efficiency of daily accounting operations and solved complex technical accounting problems. • Audited, reviewed and managed documents and processes related to various programs and services for accounting accuracy. • Accomplished duties that were specific to accounting, budgeting, and disbursing for government funds, and prepared the end of the month the reconciliation statement. • Worked as a liaison between housing office, department of defense, and the finance office in a way by gathering and interpreting applicable data and deriving solutions day-to-day finance and accounting matters in accordance with accounting principles, policies, and objectives of the accounting system. • Utilized various researching tools and techniques to figure out current and potential problems. • Performed assignments requiring the application of fundamental principles, concepts, techniques, and guidelines in the area of accounting and account evaluation. • Prepared the month-end processing and closing entries including accruals, journal entries, account analysis and reconciliation of subsidiary accounts to the general ledger to meet the needs of management and customers. • Gathered, extracted, and consolidated financial information from forms and budget documents to prepare reports. • Performed a continuing review and analysis of records, reports, and customer comments to identify system and regulatory problems affecting accounting and financial operations. • Worked with different accounting methods, procedures, and techniques including knowledge of automated accounting systems used in operating, maintaining and modifying all classes of accounts in an accounting system. • Conducted the audit of military pay documents, contract documents, budget documents and travel documents on a monthly basis and found more than $10K mismanaged funds. • Designed, implemented, and assessed internal

What method of accounting would you recommend that Jones use in preparing the annual financial statements for submission to Ridgeview Bank and the family shareholders?

Compliance Committee Meeting Agenda [Note to Zagga: Please ensure you have kept good records of your meetings.]

The audit of Apollo Shoes, Inc. requires a design of steps to develop audit objectives to plan the audit. The financial statements are divided into cycles to better manage the audit and disperse to staff within the firm. The following cycle’s sales and collection, payroll and personnel and acquisition and payment were developed to design test of controls, substantive tests of transactions and analytical procedures.

As a firm, we have an uncompromising dedication to quality and excellence in everything we undertake. We participate in the American Institute of Certified Public Accountants (AICPA) Peer Review Program, which covers our audit and accounting practices. This program requires our Firm undergo an examination of our quality control policies and procedures every three years by an independent public accounting firm. Because of our dedication to quality, we have selected a premier peer review firm for this evaluation and have received “pass without deficiency” (the highest achievable rating) on each of our examinations including the review completed earlier this year. See Appendix A for a copy of the most recent Peer Review Letter.

This report will briefly outline an audit proposal, from 123 Accounting , on the previously analyzed systems to

(ii) Develop a comprehensive internal audit program or plan. The program should include the purpose, scope, assignment of personnel, sampling, control and duration as well as establish appropriate audit processes, policies and operating procedures IFI;

Inspect and copy the records of members ' names and addresses and voting rights during usual business hours on five (5) days ' prior written demand on the corporation, stating the purpose for which the inspection rights are requested; and