Class, Tracy Martin, CPA, is in charge of the audit of Olympia Fashions, Inc. Seven young members
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Question:
Class, Tracy Martin, CPA, is in charge of the audit of Olympia Fashions, Inc. Seven young members of the public accounting firm's professional staff are working with Martin on this engagement, and several of the young auditors are avid skiers. Olympia Fashions owns two condominiums in Aspen, Colorado, that it uses primarily to entertain clients. The controller of Olympia Fashions has told Martin that she and any of her audit staff are welcome to use the condominiums at no charge any time that they are not already in use. How should Martin respond to this offer? Explain.
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