Writea letter to Apollo Shoes addressing the key points listed below; assume

the role of an auditor at a local firm when composing the letter.

Explain the auditing and other assurance services your firm offers and
the benefit each has for the client.
Explain your role in providing the available assurance service to clients.
Describe the requirements for meeting the standard for services you
offer.

This letter is to confirm that our firm, Bullseye CPA, LLP will perform the audit of Apollo Shoes
INC. Our firm provides audit and other assurance services explained below and I do hope Apollo
Shoes will take us in consideration if any of our services are needed. Bullseye CPA will perform
the audit of financial statements and will include the balance sheet, income statement, statement
of cash flow, and retained earnings statement.
Bullseye CPA offers a variety of audit and assurance services.
Audit of Historical Financial Statements is a form of attestations services and the auditor
issues a written report whether the financial statements are fairly stated in accordance with
General Accepted Accounting Standards ( GAAP) or International Financial Reporting
Standards (IFRS). The Securities and Exchange Commission (SEC) requires all publicly traded
corporations, as Apollo Shoes, to file audited financial statements. Some lenders, investors and
other funding sources require audited financial statements to ensure proper use of the funds and
reduce informational risk even if the entity is not publicly traded.
Another form of attestation services is the audit of internal control over financial
reporting. The Sarbanes-Oxley Act (SOX) requires management and auditors of public
companies to attest on effectives of the internal control over financial reporting. The audit of
internal controls over financial reporting reduces the probability of future misstatements of


financial statements, reduces fraud and may increases the effectiveness of the company
operations.
Our firm also offers review of historical financial statements. The review offers less
assurance than the actual detailed audit but it does come at cost savings for the audited company.
Another service that it is offered is the attestation services on information technology.
Since a lot of business transactions are done online through the Electronic Data Interchange
(EDI) there is a increase demand for such services. The attestation services on information
technology, like WebTrust or SysTrust help to maintain and protect online privacy, processing
integrity, availability and confidentiality.
Besides the services highlighted above, Bullseye CPA offers a variety of other attestation
services like, fraud and illegal acts risk assessment, compliance with trading policies and
procedures, ISO 9000 certifications, corporate responsibility and sustainability, controls over and
risks related to investments. The benefit of using such services is that it improves the quality of
information for the decision makers, increases the effectiveness of the company and reduces the
informational risks.
As the lead auditor my job will be to discuss any concern that may arise regarding our
services. In dependence of the attestation services provided we will distribute the work within
our team. The work will be done by professionals that have CPA license and others that do not
have, but have the expertise and experience to ensure quality service. All work will be reviewed
and approved by a licensed CPA.
For a person to be licensed CPA must meet educational, experience and must pass the
uniform CPA examination requirement. The educational and experience requirements varies
from state to state , from 120 to 150 credit hours to zero to two years experience. A CPA must


maintain the independence from the client and the work may not be unbiased. Since Apollo
Shoes Inc is publicly traded corporation and Bullseye CPA LLP will perform the financial
statement audit, there will certain assurance services that will not be able to be performed in
order to maintain the independence of the auditor. SEC restricts certain services to be provided
by the auditor if performs the audit of the financial statements.
I look forward to working with Apollo Shoes Inc and if there are any questions prior to
the audit please do not hesitate to contact us.

Sergiu Munteanu
Bullseye CPA LLP



References
Arens, A. A., Elder, R. J., & Beasley, M. S. (2006). Auditing and assurance services: An
integrated approach (11th ed.). Upper Saddle River, NJ: Pearson Education, Inc..
Whittington, O. R., & Pany, K. (2008). Principles of auditing and other assurance services (16th
ed.). New York, NY: McGraw-Hill Irwin.