Pringle and Partners Chartered Accounting firm has built up its audit work over the last five years. It has obtained new clients each year and many of its existing clients have grown in size. It has clients in many industries, but none of its clients are in the mining industry. At this month’s planning meeting, the audit partners will consider whether they will tender for audit work for a potential new client that has several divisions including oil and gas, gold mining and steel fabrication.

Required

Explain whether Pringle and Partners should tender for the audit work for the potential new client.