The Kohler Company, your client, is considering the acquisition of the Krunt Corporation. The assets of Krunt are composed primarily of receivables and inventory. Kohler is having its engineers evaluate Krunt's inventory, and they would like you to examine and report on the receivables. 1 May you accept the engagement? 2 What auditing standards would be applicable to the engagement? 3 If you accept the engagement, how would you write your report?