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You are considering taking a new client. The prospective client is a fast growing specialty shoe store named Dynamic Footwear. The company sells expensive footwear

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You are considering taking a new client. The prospective client is a fast growing specialty shoe store named Dynamic Footwear. The company sells expensive footwear in their stores and online. The following three issues relate to this prospective client: A. Dynamic is fast growing, but it has not been profitable. The company is being financed by its wealthy owner. However, in the current year the company has posted a small profit, and the owner seems very upbeat about the future of the business. B. Your CPA firm has a lot of experience auditing retail businesses, but your firm has has never audited online business. While meeting with the owner at one of the stores, you notice that your niece, Cheryl, is shelving merchandise. Cheryl is in High School and is working 10 hours a week at Dynamic Footwear. C. Required: i. Explain how each of the three issues (A,B,C) may impact your decision to accept Dynamic Footwear as a new client. Use complete sentences. ii. Assume there are no other issues. Would you take Dynamic Footwear as a new client? Explain your answer. Use complete sentences. You are considering taking a new client. The prospective client is a fast growing specialty shoe store named Dynamic Footwear. The company sells expensive footwear in their stores and online. The following three issues relate to this prospective client: A. Dynamic is fast growing, but it has not been profitable. The company is being financed by its wealthy owner. However, in the current year the company has posted a small profit, and the owner seems very upbeat about the future of the business. B. Your CPA firm has a lot of experience auditing retail businesses, but your firm has has never audited online business. While meeting with the owner at one of the stores, you notice that your niece, Cheryl, is shelving merchandise. Cheryl is in High School and is working 10 hours a week at Dynamic Footwear. C. Required: i. Explain how each of the three issues (A,B,C) may impact your decision to accept Dynamic Footwear as a new client. Use complete sentences. ii. Assume there are no other issues. Would you take Dynamic Footwear as a new client? Explain your answer. Use complete sentences

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