Auditing

IP Unit 2

After met with a potential client, who informs you that all the employees and officers of his company are bonded. For this reason, he is requesting that under these conditions that you not look at his company's system of internal control so his company may reduce the cost of an audit.

Type a letter to the potential client with the following:

• Why you can or cannot honor his request.
• The reasoning for your decision.
• The potential ramifications of your decision.
• Based on your choice of action, what the perceived corporate governance of the company would be to the public