engagement (10 poin 2 is planning an Bishop and Katulski, a regional accounting firm, is determining whether it wants to accept a new client, Todd Electric. Todd Electric is currently a privately held electrical contractor operating 11 locations in two states, but the company's management Initial Public Offering in the near future. This is the company's first audit. What steps should Bishop and Katulski take in evaluating this new client? (10 points). find opinion. Tim performed the audit with due