1. Find a real company and propose it as a client.
2. Find out about the company on its website and give the partner an introduction and why the firm should take up the audit.

3. During the next week, on video as well as live session we will cover the ethical considerations and steps to be followed while making the decision. So your group will address all the ethical considerations in the report.

4. You will also mention the areas to be covered in the audit.

5. Format should include:

• Addressing the director (You can name your audit firm)
• Subject of report
• Introduction of the Company
• Areas to be covered under the audit (Look into the balance sheet and Income statements for this information)
• Potential threat to independence
• Any outside expertise required
• Note on Predecessor (why he/she left this audit. You may think of any ethical considerations here)
• Conclusion- whether the audit can be accepted or not