19-27 Dean Wareham, an audit manager, is preparing a proposal for a publicly held company in the manufacturing industry. The potential client is growing rapidly and introducing many new products yet still has a manual accounting system. The company also has never undertaken any tax planning activities and feels that it pays a higher percentage of its income in taxes than its competitors. Additionally, it is concerned that its monitoring activities are inadequate because it does not have an internal audit department. Dean knows that the SEC has rules regarding auditor independence. LO 19-6 Page 681 Required: 1. Prepare a summary of nonaudit services that Dean can include in his proposal that do not violate the SEC's independence rules. 2. How would your answer to part 1 differ if the potential client were not publicly held? In other words, what additional nonaudit services could Dean include in his proposal? What conditions would have to be met in order for the firm to provide the additional services