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Anderson, Olds and Watershed Certified Public Accountants horseshoetown, ME 00001 November 11, 20012 Larry Lancaster President & antiophthalmic factor; chief executive officer 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 subdue Internal control is a genuinely significant look for any organization in run to avoid or distinguish fraudulent acts and misstatements in monetary inform. Apollo office real rule should require that the planning, sustaining, and implementing of guidelines and processes for financial answer foring 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 sufficien t complex body part of infixed controls and techniques for monetary account in conjunction with an evaluation of the usefulness of the acknowledge structure of intrinsic control and processes for financial reporting at the end of the pecuniary 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 come across comprehension and knowledge of Apollo Shoes internal control modelling in battle array 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 rec ording. Apollo must obey the regulations a! nd guidelines that butt against on to the activities of the organization....If you want to get a full essay, order it on our website: OrderEssay.net

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