Anderson, Olds and Watershed
Certified General public Accountants
Shoetown, ME 00001
The Taxation Report and Internal Control Evaluation
Towards the Board of Directors
Shareholders of Apollo Sneakers, INC.
An audit is over for Apollo Shoes as of December 31, 2005 and 2006, as well as the associated profits statement, shareholders' equity, cash flows and complete income. My personal firm offers reviewed the organization's assessment, comprised inside the associated record of supervision on Commercial Reporting, through which Apollo Sneakers sustained definite internal control as of January 31, 06\, founded on requirements recognized in internal control. The managing team of Apollo Shoes' is responsible for the financial reports, intended for sustaining current internal handles, and appraisal of inside control regarding financial revealing. It is our duty to communicate a great unbiased view on these monetary reports, evaluation by supervision, and the effectiveness of the organization's internal control sustaining the financial report. My group has arranged our home inspections in conjunction with the guidelines of the Community Company Accounting Oversight Board (PCAOB). We all strategically planed and enforced the audit to acquire useful assurance. No matter, the actual interior control comprising fiscal reporting was endured in all areas of substantialness or whether financial reviews are with out material misstatement those criteria that the PCAOB have implement are required to be able to plan and prepare for an effective audit. Each of our review of the financial information will incorporate proof endorsing the wholeness of assets and disclosures in the financial reports, investigating all specifics in their entirety, evaluating the generally accepted accounting principles (GAAP), and calculating the general arrangement of financial reviews. During the audit we obtained a knowledge of internal control over Apollo Shoes' economic reporting, and that we appraised management's valuation. We preformed all services...