Please answer A, B, and C

wuYou have been approached by a potential new client to perform an audit of their comparative 2016 & 2017 yearend financial statements. The company is based out of Houston, Texas and is in the crude oil discovery and delivery busines is. They currently have multiple oil sales exceeded a billion dollars pumping rigs & platforms across the country and in the Gulf. The company's rs in the current year. Collectively they have over a hundred billions in various types of fixed of patents on the books relating to oil drilling processes they have perfected. In assets on their books, as well as a number addition to the typical industry style assets and liabilities, on their balance sheet, the company has recorded a significant ingent hability regarding an EPA investigation into a prior period oil leak. The company also discloses significant ol reserves on their books. You have just been elevated to partner status in the firm. If the client is engaged you will be the managing partner on the job. conti a) Describe the objectives and the actions that you will consider in determining if the firm should accept the engagement? b) If you do accept the engagement, identify what you believe are the greatest risks and how you might mitigate them? c)ist audit procedures that you plan on applying in order to obtain audit evidence in any area and the appropriate assertion they relate too? wuYou have been approached by a potential new client to perform an audit of their comparative 2016 & 2017 yearend financial statements. The company is based out of Houston, Texas and is in the crude oil discovery and delivery busines is. They currently have multiple oil sales exceeded a billion dollars pumping rigs & platforms across the country and in the Gulf. The company's rs in the current year. Collectively they have over a hundred billions in various types of fixed of patents on the books relating to oil drilling processes they have perfected. In assets on their books, as well as a number addition to the typical industry style assets and liabilities, on their balance sheet, the company has recorded a significant ingent hability regarding an EPA investigation into a prior period oil leak. The company also discloses significant ol reserves on their books. You have just been elevated to partner status in the firm. If the client is engaged you will be the managing partner on the job. conti a) Describe the objectives and the actions that you will consider in determining if the firm should accept the engagement? b) If you do accept the engagement, identify what you believe are the greatest risks and how you might mitigate them? c)ist audit procedures that you plan on applying in order to obtain audit evidence in any area and the appropriate assertion they relate too