Engagement Letter

Engagement Letter

Tatiana Hewitt

ACC546

October 7, 2013

Shawn Cerezo

Engagement Letter

October 7, 2013

Dear Mr. Lancaster,

This letter confirms the understanding of the arrangements for our firm Helix to perform the audit of the financials of Apollo Shoes Inc. for the year ending December 2008.

For the purpose of expressing an opinion, the company’s balance sheet , stockholders equity, the income statement and the cash flows for the end of the year. Furthermore, Apollo Shoes Inc. internal controls will be audited to ensure it is compliant with the Committee of Sponsoring Organizations of the Tread way Commission (COSO)“requires public companies to report management’s assessment of the effectiveness of internal control” (Arens, A., Beasley, M. & Elder, R. 2012, p. 14) . . The COSO Framework is the main framework used by companies in assessing the capability of its internal controls over financial reporting. The COSO Framework is used as a result of the passing of the Sarbanes-Oxley Act of 2002.

Managers at Apollo Shoes Inc are responsible for the financial record and other related information for the audit and for making sure that the company is in compliance with state and federal laws and regulations. Moreover, management is responsible of correcting and making adjustments to material misstatements in the financial statements. Furthermore, our responsibility to the client is to provide an unbiased opinion on the financial statement and an opinion on the efficiency of company’s internal controls base on the audit over financial reports. However, if our company is unable to complete this audit or have not reached an unbiased opinion, we are entitled to decline a report to our client

The audit will be performed according to the standards of the Public Company Accounting Oversight Board (PCAOB). According to the standards of the PCAOB (2003), we are required to perform the audit to attain rational assurance and determine if the financial...