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ACC546 Week three - Audit - Craig
$ 15.00

We have audited the accompanying balance sheets of Apollo Shoes, Inc. as of December 31, 2006 and 2005 and the related statements of income, comprehensive income, shareholders’ equity, and cash flows for the two years in the period ended December 31, 2006.  We have also audited management’s assessment, included in the accompanying Management’s Report on Internal Control over Financial Reporting, that Apollo Shoes, Inc. maintained effective internal control over financial reporting as of December 31, 2006, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO criteria).  Apollo Shoes, Inc management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of internal control over financial reporting.  Our responsibility is to express an opinion on these financial statements, an opinion on management’s assessment, and an opinion on the effectiveness of the company’s internal control over financial reporting based on our audits” (University of Phoenix, 2007, p. 30).

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