Charles ward, the engangement partner, has already completed the CLIENT ACCEPTANCE FORM in the permanent file. Based on the information you studied in the permanent file (Part 4) and the unaudited financial statements (Part 3,workpapers 1-2 through 1-6), evaluate the client acceptance decision. Organize your answer using two column format shown below.
a. indicate two favorable factors most important to the client acceptance decision (one factor has been provided as an example)
b. indicate three concerns you have about accepting Oceanview as a client