ACC 491 Week 4 Team Assignment: Apollo Shoes Case - Revenue and Purchasing Cycle Audit
A team-based assignment analyzing the Apollo Shoes case, focusing on revenue and purchasing cycle auditing.
Ethan Wilson
Contributor
4.6
57
about 1 month ago
Preview (4 of 11)
Sign in to access the full document!
Acc 491
Week 4 Memo
1
ACC 491 Week 4 Team Assignment: Apollo Shoes Case - Revenue and
Purchasing Cycle Audit
Based on the Apollo Shoes Case Assignment, critically analyze the control
weaknesses identified in the Revenue and Collection Cycle and their potential
impact on the financial reporting process. In your response, explain the specific
areas where Apollo Shoes' internal controls are deficient, the audit implications,
and the recommendations provided to improve the control procedures.
Additionally, discuss the importance of effective internal controls in ensuring the
accuracy and reliability of financial statements.
Your response should be between 700-1000 words.
Week 4 Memo
1
ACC 491 Week 4 Team Assignment: Apollo Shoes Case - Revenue and
Purchasing Cycle Audit
Based on the Apollo Shoes Case Assignment, critically analyze the control
weaknesses identified in the Revenue and Collection Cycle and their potential
impact on the financial reporting process. In your response, explain the specific
areas where Apollo Shoes' internal controls are deficient, the audit implications,
and the recommendations provided to improve the control procedures.
Additionally, discuss the importance of effective internal controls in ensuring the
accuracy and reliability of financial statements.
Your response should be between 700-1000 words.
Preview Mode
Sign in to access the full document!
100%
Study Now!
XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat
Document Details
University
Grand Canyon University
Subject
Accounting