Acc 546

Anderson, Olds and Watershed
Certified Public Accountants
horseshoetown, ME 00001

November 11, 20012
Larry Lancaster
President & CEO
Apollo apparel, Inc.
100 Shoe Plaza
Shoetown, ME 00001
Dear Mr. Lancaster:
Discussion of Regulations & Guidelines related to SOX section 404
substantive Regulations and guidelines related to audits of indwelling control
Internal control is a genuinely significant aspect for any organization in run to avoid or distinguish fraudulent acts and misstatements in financial inform. Apollo Shoes existing rule should require that the planning, sustaining, and implementing of guidelines and processes for financial reporting to be performed by management.
The Sarbanes-Oxley Act of 2002 Section 404(a) suggests that executives of an organization should certify a report with details regarding inbred control and call the obligations of management for instituting and sustaining a sufficient structure of internal controls and techniques for monetary reporting in conjunction with an evaluation of the usefulness of the acknowledge structure of internal control and processes for financial reporting at the end of the fiscal year.



Section 404(b) also requires auditors to present a statement on the efficiency of internal control everyplace financial reporting that can be presented independently or comprised in the concluding report.
Also, on the internal control report, Apollo Shoes is responsible for identifying the structure utilized to evaluate its success while it is our responsibility to achieve comprehension and knowledge of Apollo Shoes internal control framework in order to evaluate the terror of material misstatement of the financial report.

Internal Control Risks Identified at heart Apollo Shoes
The management team of Apollo Shoes is accountable for establishing operative internal controls over the process of financial recording. Apollo must obey the regulations and guidelines that touch on to the activities of the organization....If you want to get a full essay, order it on our website: Ordercustompaper.com



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