Checkoff Page # Labelpg6 GA-1pg6 GA-2pg38 GA-3

pg42 A-1A-2A-3

pg45 GA-4

pg46 GA-5

pg47 GA-6

pg48 GA series

pg52 12

pg59 ICC-1pg60 c seriespg63 ICD-1pg65pg75 c-2-1

pg75 c-2

pg75 c-3pg86 d-seriespg110pg110 I-1pg116pg126 ICP-1pg126 L-4

pg134 R-1 pg134 X-1pg138 A series

pg141

pg141pg142

pg142pg143 A seriespg144 A series

pg144 A seriespg144 A series

pg144 A series

pg145 A seriespg145 A series

Assignmentengagement letteraudit staffing memo GA series 2column working paper-audit of 2014 financial statements ICC seriesput copy of minutes in workpapers (GA-3-1, GA-3-2, etc. behind memo) ICD seriesColumn labels: Information Relevant to 2014 / Audit Audit Action Recommended ICP seriesComparative Balance Sheet A seriesComparative Income Statement B series*Comparative Statement of Cash Flows C series*(See page for correct column headings for A-1 and A-2) D series*Memo on problem areas E series*calc. common fin. Statements, $ amts, % changes. Financial ratios F series*compare to nike and reebok (see EDGAR on sec.gov) I series*(include support calculations as GA-4-1, GA-4-2, etc) L series*memo on materiality N series*address concept, common realtionships Q series*determine minimium material misstatement amount, and justify R series*memo addressing the fraud potential X series*see page for details and important things to includecurrent year workpapers to document how planning might transactionsbe affected 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 deviationsidentification of potential for fraud in purchasing cycle s/w audit cashmemo- two forms of a/r confirmation requests, factors to determine which to useand 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 discrepancesand propose adjustments as necessaryindicate payments received on Aged trial bal. schedule (from Jan. deposit slips, butmake sure to verify with cutoff bank statement)workpaper addressing the reasonableness of Allowance for doubtful accountsinventory 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&ememo- responsibilities for auditing controls@service org. and moretie earnings for year to trial balance, compare current year numbers to last yearto check for reasonableness. Compare exec salaries to board minutes to check reasonablenessrevenueexpensesmemo- subsequent events (litigation, strike, picket lines, etc.)

proposed management representation letterTHIS 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 standardunmodified report on them (see page for detailed instructions)prepare "scoresheet" working paper for proposed adjusting journal entries1 page memo analyzing management's estimates described on this pageprepare 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 salesor total a/r from walmartprepare cash flow statement for year ended dec.31 2014id info you believe should be included in notes to financial statements, and draftthe notes (you can use last year's as a guide)draft any management letter comments on anything you think apollo can do betterfrom an operational econ/efficiency perspective, or methods of strengtheningtheir internal controls. audit report to go with financial statements memo addressing going-concern disclosure paragraph

General and Administrative (Planning)Revenue/Collection Cycle Internal Control EvaluationPurchasing/Disbursements Internal Control EvaluationPayroll Internal Control EvaluationTrial Balance/Financial Statements/Adjustments/FootnotesCash Substantive WorkpapersAccounts Receivable Substantive WorkpapersInventory Substantive WorkpapersPrepaids Substantive WorkpapersProperty, Plant and Equipment Substantive WorkpapersOther Assets Substantive WorkpapersCurrent Liabilities Substantive WorkpapersNotes Payable Substantive WorkpapersStockholders’ Equity Substantive WorkpapersRevenue Substantive WorkpapersExpenses Substantive Workpapers