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Apollo Shoes case. "Analytical Review"

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Auditors must perform analytical procedures at the beginning (and end) of every audit. The purpose of these tests is to identify potential problems areas so that audit work can be tailored and designed to avoid missing important events, transactions, etc.

Using the Apollo Shoes Inc case from McGraw-Hill, complete an analytical review.

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Solution Preview

The computations are in excel, attached, with notes in red next to the areas of concern.

Analytical Procedures Memo

There are a number of concerns based on the common sizing and ...

Solution Summary

The computations are in excel, attached, with notes in red next to the areas of concern. Ten areas of concern are mentioned (bullet list).

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See Also This Related BrainMass Solution

Internal controls for accounts payable for Apollo Shoes

Explain appropriate controls for accounts payable.

Do not just list internal controls explain appropriate controls for accounts payable based on the Apollo Shoes case.

http://www.mhhe.com/business/accounting/louwers2e/apollo.html. Review board meeting minutes for AP.

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