Assume That You Have Joined The Audit Staff At Haskell & White

Assume that you have joined the audit staff at Haskell & White and the partners seekyour assistance to gather information and pursue an auditor-client relationship with OrangeCounty-based BIOLASE, Inc. , a public company that trades on NASDAQ CM under thesymbol BIOL. From the information you gather, write a file memorandum addressing the followingthree components: 1. Steps or actions that you would consider appropriate in order to getHaskell & White in front of the BIOLASE decision-makers in order topresent a proposal and win the engagement. Assume there are currentlyno direct relationships. In other words, how would you suggest thatyou/the Firm begin to develop necessary relationships to ultimately be in aposition to present a proposal for services to this company? Please thinkway beyond a ‘cold call’ to the company as this should be considered arelatively long-term marketing action plan. 2. Identifiable Business Risks for BIOLASE and related Risks of MaterialMisstatement (including observable Inherent Risks and identifiableControl Risks). In this section, you should also include discussionpoints/concerns that you identify that would require follow-up withBIOLASE’s personnel during an interview of BIOLASE. 3. Based on the information gathered and discussed in #2 above, discusspositive attributes and negative concerns about BIOLASE and/or concernsfor the Firm that you identify that would have a bearing on the Firm’sdecision to accept BIOLASE as a client of the Firm assuming that wewere to present and BIOLASE were to ultimately accept a proposal. Guidance: Papers should be approximately 4 to 6 pages in length, typed, double-spaced

Originally posted 2018-07-20 14:53:17. Republished by Blog Post Promoter

Assume that you have joined the audit staff at Haskell & White

Question
Assume that you have joined the audit staff at Haskell & White and the partners seek
your assistance to gather information and pursue an auditor-client relationship with Orange
County-based BIOLASE, Inc., a public company that trades on NASDAQ CM under the
symbol BIOL. From the information you gather, write a file memorandum addressing the following
three components:
1. Steps or actions that you would consider appropriate in order to get
Haskell & White in front of the BIOLASE decision-makers in order to
present a proposal and win the engagement. Assume there are currently
no direct relationships. In other words, how would you suggest that
you/the Firm begin to develop necessary relationships to ultimately be in a
position to present a proposal for services to this company? Please think
way beyond a ‘cold call’ to the company as this should be considered a
relatively long-term marketing action plan.
2. Identifiable Business Risks for BIOLASE and related Risks of Material
Misstatement (including observable Inherent Risks and identifiable
Control Risks). In this section, you should also include discussion
points/concerns that you identify that would require follow-up with
BIOLASE’s personnel during an interview of BIOLASE.
3. Based on the information gathered and discussed in #2 above, discuss
positive attributes and negative concerns about BIOLASE and/or concerns
for the Firm that you identify that would have a bearing on the Firm’s
decision to accept BIOLASE as a client of the Firm assuming that we
were to present and BIOLASE were to ultimately accept a proposal.
Guidance:
Papers should be approximately 4 to 6 pages in length, typed, double-spaced