Today is March 15, 2023. Your firm just wrapped up an audit engagement on an existing client, JJC where you, CPA, are the audit manager on the file. To start planning for next year, you have been assigned to conduct client continuance procedures for JJC. The following has been communicated to you by the new lead engagement partner as changes expected to occur during the 2023 fiscal year: The current assistant controller will be going on maternity leave. As a result, JJC has asked if anyone at our firm could work in that position on a temporary contract basis. The individual would continue to be employed by our firm and JJC will pay a fee for this work. A current audit team member, is interested in the position. The nine-month contract will start in April 2023. Most current audit team members will continue on the file for 2023. However, one of the senior auditors has left the firm. A new audit senior has expressed interest in the client as his wife Liz works as a senior scientist at JJC. She reports directly to the R&D manager and is directly involved in the clinical trials for one of the drugs. Liz prepares the requisitions to purchase equipment and materials for approval and is also involved in hiring and firing employees in the department. Finally, the lead engagement partner is retiring. As part of his retirement, he plans on investing $200,000 in JJC in 2023. Once retired, the former lead engagement partner will receive a fixed pension from the firm and will no longer be active in the firm. Required: Prepare an analysis of the client continuance considerations. CPA Canada, Adapted