Help 1 2 3 4 3* tbs.form.org.001_20 Situation: Your friends Nan, Pam, and Consuela wish to form an accounting firm to do both audit and tax work. They have never formed a firm before and come to you for advice because you have some experience in that area. Required: Analyze the following questions that Nan, Pam, and Consuela have posed to you, and answer them by selecting "yes" or "no" as appropriate E Yes Would the name "NPC LLP" be appropriate if Nan, Pam, and Consuela wish to operate as a professional corporation? Nan already owns a controlling interest in a local bookkeeping firm that she would like to maintain. Do Nan and the employees at her bookkeeping firm need to remain independent regarding the new accounting firm's attest clients? Yes No Some of Nan, Pam, and Consuela's relatives have indicated an interest in investing financially in the new firm. Could that be a problem? Nan, Pam, and Consuela are all CPAS: They are the only three owners of the form. May they represent the firm as being a member of the AICPA? Yes Give feedback akan instructor