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Checkof

Page #
pg6
pg6
pg38

Label
GA-1
GA-2
GA-3

pg42

A-1
A-2
A-3

pg45

GA-4

pg46

GA-5

pg47

GA-6

pg48

GA series

pg52

1
2

pg59
pg60
pg63
pg65
pg75

ICC-1
c series
ICD-1

pg75

c-2

pg75
pg86
pg110
pg110
pg116
pg126
pg126

c-3
d-series

pg134
pg134
pg138

R-1
X-1
A series

c-2-1

I-1
ICP-1
L-4

pg141
pg141
pg142
pg142
pg143
pg144

A series
A series

pg144
pg144

A series
A series

pg144

A series

pg145
pg145

A series
A series

Assignment
engagement letter
audit staffing memo
2column working paper-audit of 2014 financial statements
put copy of minutes in workpapers (GA-3-1, GA-3-2, etc. behind memo)
Column labels: Information Relevant to 2014 / Audit Audit Action Recommended
Comparative Balance Sheet
Comparative Income Statement
Comparative Statement of Cash Flows
(See page for correct column headings for A-1 and A-2)
Memo on problem areas
calc. common fin. Statements, $ amts, % changes. Financial ratios
compare to nike and reebok (see EDGAR on sec.gov)
(include support calculations as GA-4-1, GA-4-2, etc)
memo on materiality
address concept, common realtionships
determine minimium material misstatement amount, and justify
memo addressing the fraud potential
see page for details and important things to include
current year workpapers to document how planning might transactions
be afected by the computer processing of accounting
ICQ (instructions on 52, ICQ on 53)
complete strengths and weaknesses (instructions on p52)
identification of potential for fraud in rev cycle s/w
memo id/explaining significance of qual. Features of deviations
identification of potential for fraud in purchasing cycle s/w
audit cash
memo- two forms of a/r confirmation requests, factors to determine which to use
and what "alt. procedures will be used to verify existance and value if no reply?
put confirmations in workpapers, marked c-2-2, c-2-3, etc. address ALL discrepances
and propose adjustments as necessary
indicate payments received on Aged trial bal. schedule (from Jan. deposit slips, but
make sure to verify with cutof bank statement)
workpaper addressing the reasonableness of Allowance for doubtful accounts
inventory memo (instructions on 86, intern report on 87, count sheets follow)
audit prepaids (
complete the investments and other asset sections (details on 110)
audit pp&e
memo- responsibilities for auditing controls@service org. and more
tie earnings for year to trial balance, compare current year numbers to last year
to check for reasonableness. Compare exec salaries to board minutes to
check reasonableness
revenue
expenses
memo- subsequent events (litigation, strike, picket lines, etc.)

proposed management representation letter


THIS IS FROM APOLLO TO AOW (as weird as that sounds- READ CLOSELY!)
draft management certification statement (as required by SOX)
propose adjustments to financial statements necessary to give standard
unmodified report on them (see page for detailed instructions)
prepare "scoresheet" working paper for proposed adjusting journal entries
1 page memo analyzing management's estimates described on this page
prepare balance sheet as of dec.31 2014 and income statement for year end same.
assuming apollo does NOT adjust sales or a/r for either the questionable sales
or total a/r from walmart
prepare cash flow statement for year ended dec.31 2014
id info you believe should be included in notes to financial statements, and draft
the notes (you can use last year's as a guide)
draft any management letter comments on anything you think apollo can do better
from an operational econ/efficiency perspective, or methods of strengthening
their internal controls.
audit report to go with financial statements
memo addressing going-concern disclosure paragraph

GA series
ICC series
ICD series
ICP series
A series
B series*
C series*
D series*
E series*
F series*
I series*
L series*
N series*
Q series*
R series*
X series*

General and Administrative (Planning)


Revenue/Collection Cycle Internal Control Evaluation
Purchasing/Disbursements Internal Control Evaluation
Payroll Internal Control Evaluation
Trial Balance/Financial Statements/Adjustments/Footnotes
Cash Substantive Workpapers
Accounts Receivable Substantive Workpapers
Inventory Substantive Workpapers
Prepaids Substantive Workpapers
Property, Plant and Equipment Substantive Workpapers
Other Assets Substantive Workpapers
Current Liabilities Substantive Workpapers
Notes Payable Substantive Workpapers
Stockholders Equity Substantive Workpapers
Revenue Substantive Workpapers
Expenses Substantive Workpapers