Instead of a role on the audit committee, assume therole of a partner in a public accounting firm that is consideringwhether or not to propose on a company that recently issues anRFP.
Required:
(a) List the steps the auditing firm shouldtake when deciding whether or not to propose to a potential clientcompany.
(b) List the important considerations of thefirm concerning its staff, industry expertise, and potentialengagement profitability.
(c) What should the auditor investigate aboutthe company?
