Apollo

August 24, 2015

Larry Lancaster

Chairman, President and CEO

Apollo Shoes, Inc.

100 Shoe Plaza

Shoetown, ME 00001

Dear Mr. Lancaster:

I would like to introduce myself; my name is and I am an auditor for Anderson, Olds, and Watershed, CPAs. Our organization is a leading firm in the industry, with offices in more than 10 states. We appreciate your company’s interest in our services. I have taken the opportunity to outline the following: the services we offer and their benefits, my role in the process, and our qualifications to provide the services.

Auditing is accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria.

Since your company is a publicly traded company, the Securities and Exchange Commission (SEC) requires Apollo Shoes to submit audited financial statements as part of your annual 10-K filing. The Sarbanes-Oxley Act of 2002 also requires auditors to verify the effectiveness of the internal controls in the financial reporting process. With the years of experience that myself and my firm have with this requirement it will be a simple task to accomplish. Independent audits are not only required by law, it also provides your external stakeholder’s confidence that the financial statements are being reported fairly and in compliance with generally accepted accounting principles (GAAP). This step impacts more than just your stakeholders; banks, investors and other creditors will reply on the assurance that the financial statements are being reported fairly. This has an impact on them because of the amount of risk that is associated with investing in any company. Audited financial statements can help an organization by increasing investments and decrease their cost of capital. Additionally, audited financial statements can assist in identifying potential fraudulent activity that is or could occur within the organization....