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You are an Audit Manager in a regional accounting firm that has 10 offices in three provinces. Mr. Shine has approached you with a request
You are an Audit Manager in a regional accounting firm that has 10 offices in three provinces. Mr. Shine has approached you with a request for an audit. He is president of Hitech Software and Games Inc., a five-year-old company that has recently grown to $40 million in sales and $20 million in total assets. Mr. Shine is thinking about going public with a $17 million issue of common shares, of which $10 million would be a secondary issue of shares he holds. You are very happy about this opportunity because you know Mr. Shine is the new president of Symphony Society board and has made a civic impression since he has come to your medium-sized city seven years ago. Hitech is one of the growing employers in the city." a. Discuss the source of information and the types of enquiries you and the firm's partners can make in accepting Hitech as a new client. -past auditor -social media, google -tour location b. Does the profession require investigation of prospective clients? C. You have found some new information...Do you think the partner in charge should accept Hitech as an audit client
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