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Tana Thorne works in a public accounting rm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a

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Tana Thorne works in a public accounting rm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnet's nancial statements. In discussing the audit fee, Allnet's management suggests a fee range in which the amount depends on the reported prot of Allnet. The higher its prot, the higher will be the audit fee paid to Thorne's rm. - Identify the parties potentially affected by this audit and the fee plan proposed. (15 points) 0 Summarize the ethical factors in this situation. (15 point) 0 Would you recommend Thorne accept this audit fee arrangement? Describe some ethical considerations guiding your recommendation. (20 points)

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