answer qustion 6 according to this answer

Ability to Service In understanding the opportunity to provide audit services for Ulta Beauty, there is a need to explore regulatory requirements as outlined by the Public Company Accounting Oversight Board (PCAOB). As such, the topics of AS 1005 Auditor Independence, AS 1201 Supervision of the Audit Engagement and AS 1301 Communication with Audit Committee are explored below. AS 1005: Auditor Independence The concern of auditor independence is not a new topic, and research finds that the SEC, PCAOB and SOX all have a vocal opinion on the importance of independence (Ettredge, Fuerherm, Guo & Li, 2017). The requirement thus calls for the audit firm to be completely self-sustaining and not part of the organization in which it is auditing (Williams & Wilder, 2017). Part of the regulation design, by the PCAOB, is to mandate auditor independence through rotation, thus insuring that there is not a trickle-down effect of inaccuracies or favoritism (Williams & Wilder, 2017). Using this thought, it is important to mention that Ulta Beauty has been using the same organization of auditors since the 1990s (Ulta, 2018). Should we decide to accept the audit commission, we would be meeting the regulation of auditor independence. AS 1201: Supervision of the Audit Engagement The regulation, as defined within the PCAOB website (n.d.), is very specific as to the necessity of supervision. Supervision should be direct in nature as to minimize risk of misstatement, able to supervise the required team for the size of the business, should be assigned to each audit team, and available to answer questions on material relevance for the audit team (PCAOB, n.d.). Given varied location of units and headquarters, consideration for traveling teams would need to be properly assessed before accepting the audit engagement. AS 1301: Communication with Audit Committees The idea of communication, under the AS 1301 regulation, is that the audit investigation, actual audit and any findings within the documentation should be discussed and reviewed with the organizations internal Audit Committee (PCAOB, n.d.). Audits are not to be done in secret but to be transparent in nature, to follow in the light of scripture we can review 1 John 1:7, But if we walk in the light, as he is in the light, we have fellowship with one another, and the blood of Jesus his Son cleanses us from all sin. Auditors and corporate leaders should work together in the audit efforts, an convey findings for clarity and understanding in human error

8.44 (6.75%)-9.38 (7.5%) Includes a specific and clear Dimension 6- Response 1 Evaluate Firm's Ability to Service tatement whether you agree or Client Audit Needs CLO 1.1, 1.2, 1.3 SLO 2.1, 2.2, 5.1, 6.1, 6.2, 7.1, 7.2, 7.3, 9.1 USO-APa, API, GM. Esa, ESb WCC QR, IL, CT disagree with your classmate's assessment Beyond what was presented in your classmate's paper, provides evidence of significant and sophisticated critical thinking and analysis of the firm's ability to provide the appropriate level of service to meet the needs of 1) the client, 2) its investors, 3) the profession, and 4) the public trust. Discussion and analysis is supported using appropriate academic references 8.44 (6.75%)-9.38 (7.5%) Includes a specific and clear Dimension 6- Response 1 Evaluate Firm's Ability to Service tatement whether you agree or Client Audit Needs CLO 1.1, 1.2, 1.3 SLO 2.1, 2.2, 5.1, 6.1, 6.2, 7.1, 7.2, 7.3, 9.1 USO-APa, API, GM. Esa, ESb WCC QR, IL, CT disagree with your classmate's assessment Beyond what was presented in your classmate's paper, provides evidence of significant and sophisticated critical thinking and analysis of the firm's ability to provide the appropriate level of service to meet the needs of 1) the client, 2) its investors, 3) the profession, and 4) the public trust. Discussion and analysis is supported using appropriate academic references