Marvin Carson, managing partner of your office, and Steven Allison, president of Allison, Inc. are close friends. They were raised in the same neighborhood, attended college together, and had been closely associated in civic affairs. They also play in a weekly golf foursome and both belong to the local community choral group. Although Allisons banker has recommended repeatedly that his business be audited annually by a CPA, Allison has refrained. In connection with making the arrangements to work with a new supplier, the supplier mentions to Allison that he desires audited statements as a basis for credit and implies arrangements cannot be completed without such statements. Allison, therefore, decides an audit is necessary, which also gives him an opportunity to refer the work to his good friend. Hence, he asks your office to perform an audit of his companys financial statements.

Can Carson accept the engagement and perform the audit in accordance with GAAS?