Charles Ward, the engagement partner, has already completed the CLIENT ACCEPTANCE FORM 1n the permanent le. Based on the information you studied in the Permanent File and the unaudited nancial statements included in the Current Workpapers (workpapers 1-1 through 1-5), evaluate the client acceptance decision. Organize your answer using the two-column format shown below. a. Indicate two favorable factors most important to the client acceptance decision (one factor has been provided as an example). b. Indicate three concerns you have about accepting Oceanview as a client. Factors Favoring Acceptance Responses to inquiries of predecessor auditor were complimentary about Oceanview. Predecessor auditor spoke highly of Oceanview's employees' integrity, competence, and dedication to running a successful business