PC has a private company client that is contemplating a sale or IPO in the next $2$ years who has asked for assistance from WC to prepare their ASC $740$ income tax provision. The client has also asked for weekly updates on recent changes to financial accounting standards from an overall general perspective and would like to have access to PC standard financial accounting standards published guidance. Anticipated fees for this engagement are expected to be $$60,000$

Vrould inis las engagement require lAs approprate leader and local OFRO Tax partner approval on the EA$?$

No$,$ because the IPO is expected to occur more than $1$ year after PC was engaged for this project.

Yes, because the cient is contemplating a sale or IPO in the next $2$ years and PiG's fees are expected to be $$60,000.$

$$ No$,$ because PwC is only providing weekly updates to the client on changes in financial accounting standards Yes, since the client asked for access to the PC financial accounting standards published guidance resource.