Auditing Introduction Letter

Dear Mr. Lancaster, I understand that Apollo Shoes, Incorporated is concerned about acquiring certain auditing and assurance services. In today’s business world a company needs to stay ahead by operating more successfully and proficiently than its competition. Stromsodt can help Apollo Shoes to gain this advantage by offering auditing and assurance services designed for the company needs. Stromsodt is a company with certification in Service Auditor Assessments as well as provides specialization of auditing in areas of superior athletic podiatric products. Stromsodt has been providing auditing and assurance services to businesses just like yours for more than 30 years. With more than three decades of experience, Stromsodt has helped over hundreds of companies to achieve their company objectives and run more proficiently. Stromsodt is a company that is more productive and cost-effective than any other auditing and assurance service company. The company provides timely, experienced services at reasonable fees. The Auditing and Assurance services Stromsodt offers are as follows 1. Statutory Audits 2. Internal Audits 3. Risk Management. Corporate Governance 5. Tax Audit 6. Management Audits 7. Review of Accounts 8. Special Audits 9. Due diligence 10. Restatement as according to International Accounting Standards (IAS)/ General Accepted Accounting Principles (GAAP) These services will benefit Apollo Shoes by 1. Ascertain whether the presentation of accounts are fair and true 2. Timely detection of errors and fraud in the company 3. Timely identification of risks of material misstatements 4. Validation of accuracy, validity, and authenticity of account information 5. Improvement of profitability . Maximization of revenue recovery 7. Preparation of documents on a timely basis What other firms fail to deliver, Stromsodt delivers. Stromsodt brings value to a company by focusing on a company’s objectives. Part of Stromsodt’s core philosophy is to provide and perform services that add only value to a client to reach set objectives. The company abides by five essential principles when performing services for a client. These principles are integrity, objectivity, professional competence along with due care, confidentiality, and professional behavior. The roles I perform at Stromsodt vary depending upon the service. Some general tasks I perform include 1. Reviewing financial statements to determine conformity to GAAP 2. Attesting the effectiveness of internal controls over financial reporting 3. Reviewing previous financial report. Reviewing financial statements to determine conformity to GAAP helps a company by establishing to external users the assurance of a company’s financial statements. Attesting the effectiveness of internal controls over financial reporting helps to ensure no potential material misstatements or raudulent activities have occurred. This helps to lessen the likelihood of occurrence of these activities as well. Reviewing previous reports can provide assurance to a company in knowing that its previous reports are accurate. In providing these services I would make sure that Apollo Shoes has the necessary information to achieve the objectives of the company by abiding by the five principles set forth by Stromsodt. I will also adhere to the 10 general accepted accounting standards an accountant or CPA is required to adhere by. These standards are as follows 1. Display adequate training and proficiency. 2. Maintain independence from the audited company. 3. Display professionalism in performance and planning the report. 4. Adequately plan the fieldwork and supervise assistants. 5. Sufficiently understand the internal control of the company as well as determine the tests to test these controls. 6. Provide sufficient information to back up opinion formed on the financial statements. 7. State and report if the financial statements represented are in accordance with GAAP. 8. State and report circumst ances of company not consistently using principles 9. Recommend additional information for disclosures expected to be in financial statements. 10. Provide opinion on the financial statements. In conclusion, I look forward to talking further about Apollo Shoes auditing and assurance needs and about how much Stromsodt can provide Apollo Shoes with these services. Please feel free to contact me anytime regarding this proposal. Thank you for the opportunity to submit the proposal, and I, along with the entire staff at Stromsodt, are looking forward to working with Apollo Shoes in the near future.

Housing for People with Special Needs Essay Example | Topics and Well Written Essays - 1000 words

Housing for People with Special Needs - Essay Example The essay "Housing for People with Special Needs" summarizes the different areas of affordable housings especially associated with the low-income households. The areas covered include special housing needs of elderly and disabled households, discriminatory behaviors and the fair housing programs, home ownership, and income integration. In the real estate and mortgage market of US, the discriminatory behavior has been convicted as illegal by the federal government at all levels. Certain legislations have been made in this regard which demonstrates the illegality of the discriminatory practices in the real estate and the mortgage market including Supreme Court decision of 1948, Fair Housing Act of 1964 and lastly, the Community Reinvestment Act of 1977. With the passage of time, most of the kinds of discriminatory patterns and behaviors in these markets are declared as illegal after enforcement of such legislation by the federal government. The enforcement of fair-housing legislation although has remained inconsistent such that discriminatory behaviors have not been total disappeared, yet there is evidence which shows a real progress in this regard. The evidence reveals that in the real estate housing market, there has been a significant reduction in the discriminatory behavior in relation to house purchasing and renting in the 1990s. Similar kinds of evidence are found in the mortgage market, where the Whites are left way behind than Blacks and Hispanics in relation to home-purchase.

Business plane Term Paper Example | Topics and Well Written Essays - 2000 words

Business plane - Term Paper Example For all the above, our company has decided to take the challenge and penetrate the art market and establish a strong foothold in the industry and gain a major market share of this highly profitable sector. â€Å"Our mission is to maintain our reputation as an energetic, outgoing and accessible art gallery in London that inspire, interest and sell art work to an increasingly diverse audience and collectors. Not only do we have classified ourselves as a gallery but also as a brand in selling out artwork and products. We aim to acquire, collect and present to our customer the finest works of art available on the market scene in a variety of media and concepts as well as supplying art materials to our customers.† â€Å"Our vision is to expand our business into promoting a strong arts education and arts appreciation for our customers, the general public and educational institutions with interest in art. We aim to develop and integrate our brand (XYZ) into a household name in the art market.† The primary research carried out over the past few months and this gave valuable insights into the information regarding the potential sales per month, operational plan and staffing requirements. Information was also gathered on the different prominent media through which advertising can be easily done to target the potential market segments. Laissez-Faire Buyers: Not all consumers who buy art are avidly devoted fans. A profile of customers tends to visit art galleries and exhibitions when they are easy to get to. These consumers, who tend to go to these social gatherings because they are close by, also tend to be frugal spenders which would imply a laissez-faire type of consumer who will visit out of convenience more than avid following. Urban Prosperity: A major target segment will be the Urban Prosperity group, consisting of a high

Article Research Paper Example | Topics and Well Written Essays - 250 words

Article - Research Paper Example The court house is already pact to the capacity which only the absence of the trial judge commonly referred to as the Lord High Chancellor who is expected to arrive at any time to proceed with the case. The extreme weather has extended to the court house where fog has made it difficult for the judges to view crucial documents and have to use lanterns despite the fact that it is still day time. The Court of Chancery is described to be in a poor and dilapidated state and is linked to all kind of evil in the society ranging from corruption and inequality. The case at hand for determination is commonly known as Jarndyce and Jarndyce and it is a known phrase in which most people draws very little understanding. An old woman who is belived to be of unsound mind is thought to be the plaintiff in the case that has been brought before the court in several occasions. This time, she is very optimistic that the judge will deliver a ruling in her favor. The main theme being addressed in the article is the theme of corruption which is well spread in the entire society. It is being advocated and propagated by those in high places. The courts that are expected to deliver fair judgment have fallen short of the expectation. Inequality is very rampant in the society and justice is based on what one can offer to the high

Counseling paper on short term premarital relationships (why do they Research

Counseling on short term premarital relationships (why do they succeed or fail) - Research Paper Example Keywords: short term premarital relationships Short Term Premarital Relationships As long as time has existed so has existed the idea of marriage and matrimony; the harmonious existence of two people living with each other and spending the rest of their lives together. A couple is supposed to signify emotions of trust, loyalty as well as affection and love towards each other. According to ancient traditions all around the world, in various cultures and countries, marriages are very sacred and are considered to be a blessing from heaven. The union of two people along with their families and friends is considered to be a gift from above for the purpose of sharing love and mutual understanding. However, if one looks into the past, one can easily see that love developed among people without being given a chance; love is not an emotion that waits to happen, it just happens between people and then they need to explore it and find out whether or not the two chosen ones are good enough for e ach other. (Mueller, W) The problem was that in olden times, people were not given the opportunity to try and test out methods and carry out such experiments of short term relationships in order to scrutinize and understand a second person. Such a relationship was looked upon as a taboo. Divorce rates and break ups were not high at the time because of fear of being frowned upon by society. People were under pressure to be with people whom they did not want to spend the rest of their lives with as well. That is why, as more and more people began to look upon this emotion as a burden, thoughts began to become more open and people understood the need for giving time to get to know a person before jumping into an eternal bond with them in the form of marriage. In today’s world nonetheless, the concept of being with someone has changed quite a bit. Falling in love is a very easy aspect of people’s lives because of the kind of openness and broad mindedness that people have l earnt to associate themselves with in the modern day and age. Being in a relationship with someone can range from being a long term to a short term process, depending on the understanding that two people are able to create for each other. It also depends on how well a person is able to adjust and absorb himself into the other’s space. Thus, the best way to understand another person is to find out his or her character and comprehend their personality in order to be able to fit into their lives. This can only be done if time is spent trying to understand someone and getting to know their likes and dislikes. For the most part therefore, couples today have begun to seek a premarital relationship which acts as a rehearsal for the main long term relationship. This involves living together as husband and wife but also knowing that in the eyes of law and on paper, they are still not bound to each other by holy matrimony. (Stahmann, R. F) Short term premarital relationships refer to l ive in relationship between people which last for a short period. Many people who get into such relationships are afraid of an everlasting commitment and thus are in it for a short time period. Being in such a relationship has both its pros as well as its cons, which have been further discussed within the purview of this

What is Virtue Essay Example | Topics and Well Written Essays - 750 words - 1

What is Virtue - Essay Example The Meno asserts that virtues share a unit form, compelling individuals to work towards a specific goal: the wellbeing of the individual and the city (72c7, 72d8, and 72e5). Subsequently, the Meno attributes an excellent person as one characterized by the virtue of doing noble deeds. The Meno attributes noble deeds as activities meant to do good to the individual himself and the city. This stipulates that an excellent person is one who would chooses the noble over the ignoble, even though it entails sacrificing his will for what is ideally good and benefits the greater society. Virtues are evidenced by an individual’s ability to sacrifice for the greater good (77b2-b5). Additionally, Meno agrees with Socrates that virtue is prudence and knowledge. He affirms that an excellent person is one who has the knowledge and can tell apart what is right from what is wrong. Consequently, an excellent person is one who is prudent, exhibiting caution in his activities (89a3-5, c2-4). Aristotle defines a virtue as a mean. He outlines that an excellent person is characterized by the ability to steer between two extreme points. Aristotle asserts that the ability to arrive at the mean is pleasant for any excellent person and it is not aimed at causing him pain (1120a27-28). He attributes this mean as an attribute of an excellent person who depicts courage by avoiding too fearful and consequently not engaging in fearful events. He attributes an excellent person as one who maintains his temper by not being extremely angry, but getting angry enough (1106a26-28 and 1106b20). In conjunction, Aristotle documents that the goals of a person’s behavior are for either his own good or the greater good depending on the circumstance that the individual was faced with. Activities, which their goodness depends upon circumstances (external goods), are stipulated by Aristotle as wealth, friendship, strength, honor,

William Shakespeares play Essay Example for Free

William Shakespeares play Essay Critics believe that William Shakespeares play The Tempest was written around 1610. It opens with a storm, which results in shipwreck, many of the main characters end up stranded. The first time we hear of Prospero is in Act I Scene ii were he is involved in a conversation with his daughter Miranda, during which she accuses him of causing the storm If by your art you have caused this storm. He admits it but in doing so ends up confessing to Miranda all about her past and how they came to be on the island Tis is time I informed thee farther, he does this to try and justify his actions. He has a slave called Ariel I thank thee, master, who comes and informs him of the results of the storm. All of the crew and passengers survived as Prospero asked Ariel not to harm any of them But are they, Ariel, safe? Not a hair perishd. We then begin to learn about another key character, Caliban, who is another of Prosperos slaves Thou most lying slave. Caliban believes that the island belongs to him and that Prospero, who now thinks he owns the island, stole it from his now deceased mother Sycorax This islands mine, by Sycorax my mother. When this conversation ends Ariel begins to start her next task. Ferdinand, who was onboard the ship, is enticed by Ariel song and begins to make his way in towards Miranda. Ariel is invisible at this point so Ferdinand thinks the beautiful sounds are coming from Miranda. Eventually the meet and, with a little help from the invisible Ariel and hidden Prospero, begin to fall in love. We then move onto Act II with the rest of the stranded passengers. Two of them, Antonio and Sebastian begin to gently bully a wise man named Gonzalo Look hes winding up the watch of his wit, they then move into a private conversation of their own. During which they form a plot to kill most of their fellow passengers including Alonso, King of Naples and Sebastians brother, whilst they are asleep. This would mean that they would have a huge power status, as Sebastian would become King of Naples and Antonio is already Duke of Milan. Their plan is foiled by Ariel awakening Gonzalo. Trincolo, jester, and Stephano, a drunken butler, come across Caliban in the woods. Under the influence of alcohol Caliban agrees to serve the drunken pair with the promise that they will kill Prospero. This will make them owners of the island and Caliban thinks they will treat him better than Prospero. However, an invisible Prospero hears them talking about him and sends some spirits to case them away Go charge my goblins. There is then a scene in which all the royal party are gathered, Prosepero at the head. He explains all that has gone on to everybody. He decides to give up his magic and return as Duke of Milan while Miranda and Ferdinand declare their love for one another. From the basic plot Prospero does not seem like a bad person but there are many fine details missed out in the summary. When Prospero arrived on the island its only inhabitant was Caliban who had grown up there. Calibans way of life was very different to Prosperos as he had not grown up with civilization. Prosperos personality appears to have more bad traits than good. His worst are a strong arrogance as he thinks he is life is not only different to Calibans it is also better, which is not true. He does seem to have a few positive traits the main one of these appears to be honesty as he shows his intentions about owning the island and re-gaining his Dukedom but this is counteracted by the way he is very sneaky and tries to influence the forces of nature. This is shown when he repeatedly makes himself or Ariel invisible and speaks to other characters although he were someone else. Two other characters, Caliban and Ariel, play a huge part in deducting his true colors. They appear to be his good side, Ariel and his bad side, Caliban we know he thinks this to as he refers to Caliban as this thing of darkness I acknowledge mine. There are two phases to explain this, one is that they are his yin and yang and the other is to say that they make up a doppelganger. Prosperos most intimate relationship with another character is with Caliban. As well as assuming power over the island he also assumes power and therefore control over Caliban himself. He is infact prejudice against Caliban and thinks Caliban is not fit to rule the island. In the beginning he taught Caliban how to speak and in return Caliban showed him all the special features on the island. But Prospero betrayed Caliban because now he knew all the secrets of the isle Caliban had nothing over him. To try and get back at Prospero Caliban tried to rape Miranda, which Prospero saw as something, a savage would do. He also had another motive; he wanted Miranda to get pregnant so that there would, in theory, be more of Caliban than of Prospero. However as this did not work the idea could never be put into practice but it is the same kind of thing that Caliban thinks could have happened with Trincolo and Stephano. Prospero tries to colonize Caliban but this is not right as Calibans way of life is as respectable as Prosperos within the island community. Prospero also has an unusual relationship with Ariel another of his slaves. Prospero freed Ariel from a cage in which he had been placed by Sycorax. This put Ariel in debt but Prospero always allows him to be his own person and does not try to control him. Also when Ariel has served Prospero for long enough he is allowed to be free I shall miss thee but yet thee shalt have freedom. One of the things that Ariel did for Prospero is teach him to forgive and forget, it was he who spurred Prospero to let the royals free Your charm so strongly works em that if you now beheld them your affections would become tender Dost thou think so, spirit? His final relationships are with his family, Miranda and Antonio. He is very protective of Miranda as she is the only family he has known for a long time. But his relationship with Antonio is a little more complicated. For you, most wicked sir, whom to call brother would even infect my mouth, I do forgive thy rankest fault-all of them; and require my dukedom of thee, which perforce I know thou must restore. This is Prosperos way of forgiving Antonio. It is not very kindly and he insists on reclaiming his title. This portrays that they have a very stretched relationship and Prospero, given the choice, would not be brother to Antonio.