Audit Staffing Memo Essay

I initially needed to thank you for saluting me on my ongoing advancement; I anticipate working with you on the new Apollo Shoes commitment. I have perused all the data you sent me about Apollo Shoes to increase a superior comprehension of the organization, and I have an inclination that I have a strong handle of the organization structure and condition. In the wake of investigating the company’s last three governing body gatherings, I figured out what mastery would be important to do the review on Apollo Shoes. On the off chance that you can dole out these staff to our review group, the profitability and viability of the review will increment altogether. The main staff part that would be enormously useful to our review group would be a data innovation expert. In the executive gathering hung on June 30, the block approved to $1.2 million for the buy and establishment of another data framework. Be that as it may, to support the buy and pay different costs, the board approved a draw of over $44 million, which appears to be extreme. Having an IT authority will assist us with deciding the absolute expense of introducing another data framework and carry light to why the board attracted over $44 million to subsidize the buy. Another staff part that would be useful to our review group would be a property, plant, and hardware pro. Regardless of approving the acquisition of hardware totaling $1.3 million in January of 2014, the gear was as yet not set up during the January 2015 executive gathering. A property, plant, and hardware pro could assist us with deciding the bookkeeping ramifications of buying the gear in 2014 and still not having it set up in 2015, most definitely. Possibly the most significant staff part that we will require on our review group is a legal advisor or lawful master, for a wide range of circumstances. The first and most glaring circumstance that should be tended to is the board progressing $1,250,000 legitimately to Mr. Lancaster to cover individual legitimate costs for his secretary. Recording it in different receivables rather than worker advances and attracting a check straightforwardly to Mr. Lancaster set off a warning for us and we might want a legitimate master to look further into the circumstance. Another circumstance that will require the consideration of a legitimate master is a class activity suit that was brought against Apollo Shoes for net carelessness and infringement of guarantee for $12,000,000. A legitimate master could help usâ determine the likelihood that Apollo Shoes will lose the case. The organization doesn't have protection to cover these kinds of activities, so losing this case could have tremendous ramifications on their money adjusts. One of the last circumstances we might want the legitimate master to investigate was the retroactive statement of profits in January of 2015. At that executive gathering, they endorse to announce the profits in the earlier year, which we don't know is permitted, so a lawful master could give us better knowledge into the circumstance. These three masters appear to be the most important staff individuals in the wake of evaluating the entirety of the company’s executive gatherings, and they will be of generous assistance in the event that you could relegate them to our review group. In the event that I verify that I need any extra staff support later on, I will tell you all through the review procedure.