FORUM DESCRIPTION All chapter discussions are 'post-first discussions. That means you must create and submit your own response (post) before you are able to see discussion posts from other students. Click create thread to type your response. You cannot edit or delete your response after you submit it. Your post should include 300 words and at least a 100-word response. Tana Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnet's financial statements. In discussing the audit fee, Allnet's management suggests a fee range in which the amount depends on the reported profit of Allnet. The higher its profit, the higher will be the audit fee paid to Thorne's firm. Required 1. Identify the parties potentially affected by this audit and the fee plan proposed. 2. What are the ethical factors in this situation? Explain. 3. Would you recommend that Thorne accept this audit fee arrangement? Why or why not? 4. Describe some ethical considerations guiding your recommendation. Your post will be graded as follows: Grading Category 1. Addresses prompt(s) fully using standard English grammar and spelling. Percent 80% 2. Substantial response to two classmates (do not just say "Nice post" or "I agree") using standard English grammar and spelling. A substantial response continues the discussion by: a. Asking a probing or clarifying question. b. Comment on something specific in your classmate's post, connecting your comment to something you learned in the class or in the textbook. c. Suggest a different way to handle the issue. TOTAL Need help with Blackboard? Review the Blackboard Student Guide, Discussion. 20% 100%