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3.X company is a privately held swimwear distributor that operates in the Midwest and handles several product lines including footwear, clothing and swim team supplies.It

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3.X company is a privately held swimwear distributor that operates in the Midwest and handles several product lines including footwear, clothing and swim team supplies.It sells directly to swim wear shops and does not sell to the big retailers. Its sales is about $8 million and wants to grow about 20% per year for the next 5 years. It also plans to take over or merge with another swim wear company that operates in the same region. (20 points) a).Explain why management might want an independent audit of its financial statements? b).What are the factors that this company might consider in deciding whether to seek an audit from a large national firm;a regional or a local firm? c).What type of users might be interested in the company's financial results

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