Audit 2020 trial balance file:///C:/Users/Akber019/AppData/Local/Temp/Temp1_Additional_Files.zip/Additional_Files/2019%2010-K.pdf file:///C:/Users/Akber019/AppData/Local/Temp/Temp1_Additional_Files.zip/Additional_Files/2020_Apollo_Organization_Chart.pdf file:///C:/Users/Akber019/AppData/Local/Temp/Temp1_Additional_Files.zip/Additional_Files/2020_Apollo_Shoes_Minutes.pdf Deliverables Draft engagement letter Staffing Memo Review of board minutes
Question:
Audit 2020 trial balance
file:///C:/Users/Akber019/AppData/Local/Temp/Temp1_Additional_Files.zip/Additional_Files/2019%2010-K.pdf
file:///C:/Users/Akber019/AppData/Local/Temp/Temp1_Additional_Files.zip/Additional_Files/2020_Apollo_Organization_Chart.pdf
file:///C:/Users/Akber019/AppData/Local/Temp/Temp1_Additional_Files.zip/Additional_Files/2020_Apollo_Shoes_Minutes.pdf
Deliverables
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1) List three relevant facts about Apollo Shoes that you think might have an impact on the financial statement audit.
2) Define what is meant by a significant account or disclosure.
3) Identify at least two significant accounts or disclosures from the financial statements of Apollo Shoes. What makes each item significant?
4) Define what is meant by a relevant assertion.
5) Identify at least one relevant assertion for each of the significant accounts or disclosures previously identified from the financial statements of Apollo Shoes. What makes each assertion relevant?
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws