22851 Center Street
Castro Valley, CA. 94546
May 6, 2013.
123 Market Street
Phoenix, Arizona 44444
Dear Mr. Charles,
AUDITING INTRODUCTION LETTER I am writing this letter to introduce myself, my company, and the auditing and assurance services we can offer to Apollo Shoes. I will also discuss the benefits of our services as well as the role we will provide and the requirements for meeting the standards for the services we offer. Our firm has been in business for over 15 years and has the necessary expertise to provide your company with the related services.
Auditing and Assurance Services Available According to Arens, Elder, and Beasley “auditing is the accumulation and evaluation
…show more content…
The act also requires that an auditor attest to the effectiveness of internal control over financial reporting. For such an audit, management must assert whether internal controls have been developed and implemented according to established criteria. Our company also reviews historical financial statements. With this review, management asserts that the financial statements are fairly stated according to an accounting standard. This is the same as an audit. However, a lower level of assurance for review is given. We also provide attestation services on information technology. For this attestation, management asserts the reliability and security of electronic information. Because transactions and information are conducted and shared over the Internet, businesspeople demand an assurance about information, transactions, and the security protecting them. We also provide an operational audit. This type of audit evaluates the efficiency of a firms operation methods and procedures. At the end of an operational audit, we make recommendations as to what needs to be improved. For instance, we may evaluate the efficiency and accuracy of payroll transactions in a computer system.
The Benefits of Auditing and Assurance services There are numerous benefits of auditing and assurance services. One benefit of an audit of historical financial statement is that the audited statement can be used to obtain