Question: WHAT WOULD YOU DO 5-9 (A New Client) After working for a large CPA firm, you are excited to start your own. Since your experience
WHAT WOULD YOU DO 5-9 (A New Client) After working for a large CPA firm, you are excited to start your own. Since your experience was auditing manufacturing companies, you feel competent in that industry; indeed, your first two clients are manufacturers. After six months working with one of the clients, an IRS audit letter shows up. Your experience is in accounting/auditing but, as you look at the letter, it looks like all they are asking for are some inventory records and some entertainment receipts. In addition, they want documentation backing up the president's salary. How would you feel representing the client at the audit? Are there any actions you can take that might help in your representation?
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