PwC has a private company client that is contemplating a sale or IPO in the next $2$ years who has asked for assistance from PwC 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 PwC standard financial accounting standards published guidance. Anticipated fees for this engagement are expected to be $$60,000.$

Would this TAS engagement require TAS appropriate leader and local OFRO Tax partner approval on the EA$?$

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

Yes, since the client asked for access to the PwC financial accounting standards published guidance resource.

No$,$ because PwC is only providing weekly updates to the client on changes in financial accounting standards.

Yes, because the client is contemplating a sale or IPO in the next $2$ years and PwC$\text{'}$s fees are expected to be $$60,000.$