Audit Staffing Memo Essay

I originally needed to thank you for praising 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 solid handle of the organization structure and condition. In the wake of inspecting the company’s last three top managerial staff gatherings, I figured out what aptitude would be important to complete the review on Apollo Shoes. In the event that you can relegate these staff to our review group, the efficiency and viability of the review will increment essentially. The primary staff part that would be enormously useful to our review group would be a data innovation master. 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 appro ved a draw of over $44 million, which appears to be inordinate. Having an IT master will assist us with deciding the all out expense of introducing another data framework and carry light to why the board attracted over $44 million to finance the buy. Another staff part that would be useful to our review group would be a property, plant, and gear expert. In spite of approving the acquisition of gear totaling $1.3 million in January of 2014, the hardware was as yet not set up during the January 2015 executive gathering. A property, plant, and hardware authority could assist us with deciding the bookkeeping ramifications of buying the gear in 2014 and still not having it set up in 2015, undoubtedly. Possibly the most significant staff part that we will require on our review group is a legal counselor 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 lawful costs for his secretary. Recording it in different receivables rather than representative advances and attracting a check legitimately to Mr. Lancaster set off a warning for us and we might want a lawful 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 enormous ramifications on their money adjusts. One of the last circumstances we might want the legitimate master to investigate was the retroactive announcement of profits in January of 2015. At that executive gathering, they support to pronounce the profits in the earlier year, which we don't know is permitted, so a lawful master could give us better understanding into the circumstance. These three authorities appear to be the most essential staff individuals in the wake of looking into the entirety of the company’s executive gatherings, and they will be of significant assistance on the off chance that you could relegate them to our review group. On the off chance that I confirm that I need any extra staff support later on, I will tell you all through the review procedure.