Please answer A, B, & C

7,&88.You have been approached by a potential new client to perform an yearend financial statements. The companyi busines aude of ther comparative 2016 & 2017 based out of Houston, Texas and s in the crude ol discovery and de livery . They currently have mukiple oil pamping rigs& platforms across the country and in the Gulf. The company's les exceeded a bilan dollars the current year. Colectively they have over a hnded bins vanus types of fied assets on their books, as well as a number of patents on the books relating to ol drilling processes they have perfected I addition to the typical industry style assets and liabilities, on their balance sheet, the company has recorded a signicant contingent i bilty regarding an EPA investigation into a prior period ol eak The company ako discoses significant o reserves on ther books. You have just been elevated to partner status n the firm If the clent B engaged you wa be de managing partner on the job Describe the objectives and the actions that you will consider in determining if the firm should accept the enga gement? b If you do accept the engagement, identify what you believe are the greatest risks and how you might mitigate them? )List 5 st aud procedures that you plan on applying in order to obtain audit evidence in any area and the appropriate assertion they relate too