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You are an audit manager at a large public accounting firm. Your audit partner approaches you with a request for proposal (RFP) from a potential

You are an audit manager at a large public accounting firm. Your audit partner approaches you with a request for proposal (RFP) from a potential client looking for a firm to audit their annual financial statements. Your sister-in-law is the chief financial officer of the company requesting the proposal and oversees most of the audit work. She is also involved in the general audits for the company. Your partner asks that you review the engagement acceptance checklist provided and write a memo on whether or not your firm can accept this engagement

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