Deliverable Length: 500-1,000 words APA format (abstract, references page please use refernce in writing) YOUCPA is a regional CPA firm engaged in public audit work of small- and medium-size firms in the Midwest. The YOUCPA firm has their main office in Chicago, Illinois, and regional offices in Minneapolis, Minnesota and Indianapolis, Indiana. The managing partners are located in Chicago. YOUCPA also provides tax preparation and information consulting to customers and is an approved PCOAB audit firm.Your client, the publicly traded Fresno Freezer Corporation, is located in Elgin, Illinois, a small city located outside of Chicago. The client has the main plant there and has distribution centers in Indianapolis and Minneapolis.The Fresno Freezer Corporation has contracted with YOUCPA for an audit. During the audit, the audit team has asked you to determine if everyone on the engagement team is independent.The following individuals are on the engagement team and on the management of YOUCPA:Sarah Ball, Senior Partner, YOUCPABill Davis, Managing Partner, YOUCPADavid Youssef, Manager of Taxation Services, YOUCPAYewel Faraday, Manager of Information Consulting, YOUCPAFrank Bell, Supervisor of Auditing assigned to Client, YOUCPABeth Wright, Supervisor of Auditing assigned to Client, YOUCPAWilbur Singation, Auditor, YOUCPASam Martin, Auditor, YOUCPAMary Franks, Auditor, YOUCPAPhil Cole, Auditor, YOUCPACallie Smart, Auditor, YOUCPAYou, Auditor, YOUCPABackground of each individual:The following individuals are on the engagement team and on the management of YOUCPA:Sarah Ball, Senior Partner, YOUCPAManages the YOUCPA partnershipNo financial interest in clientNo relative with firmNo past history working with client in a direct manner (meaning working for the client as an employee)Bill Davis, Managing Partner, YOUCPAManaging the audit of the clientNo financial interest in the clientNo relative with the firmNo past history working with the client in a direct mannerDavid Youssef, Manager of Taxation Services, YOUCPAManages the taxation services for the accounting firmNo financial interest in the clientNo relative with the firmNo past history working with the client in a direct mannerYewel Faraday, Manager of Information Consulting, YOUCPAManages the information consulting for the accounting firmYewel has no financial interest in the clientNo relative with the client in a direct mannerFrank Bell, Supervisor of Auditing assigned to Client, YOUCPAWill supervise the audit at the main plantNo financial interest in the clientWife works with client as a worker in the plantWife has no control or influence on the impact or creation of the financial statementsWife has been working there for 20 yearsBeth Wright, Supervisor of Auditing assigned to Client, YOUCPAWill be auditing the distribution locationsNo financial interest directly in the clientDoes own a mutual fund that is invested in the clientMutual fund estimated value is 0.01% of the total value of the stock market value of the clientMutual fund makes all decisions on who, when, and how much they invest in corporationsTotal investment in the mutual fund is $1,000Wilbur Singation, Auditor, YOUCPANo financial interest in the clientNo relative with the clientNo past history working with the client in a direct mannerHas contacted a head hunter looking for a new, better positionHead hunter has discussed his qualifications with many firms, discreetlyWilbur does not know the firms or the content of those discussionsSam Martin, Auditor, YOUCPANo financial interest in the clientCousin works with the client in a role as the mail distribution personCousin handles the mailConversation with cousin has been rough in the past over a small debt the cousin still will not payThe amount of the debt is $500Mary Franks, Auditor, YOUCPANo financial interest in the clientNo relative with the clientNo past history working with the client in a direct mannerPhil Cole, Auditor, YOUCPARecently joined the teamUsed to work at the client less than a year agoWas responsible for financial planning and controlLeft to experience the auditing professionCallie Smart, Auditor, YOUCPAJust graduated from a prestigious online university in IllinoisNo relative or any direct relationship to the clientNo investment in the clientYou, Auditor, YOUCPANo investment in the clientNo past working relationship with the client in a direct mannerNo relatives working at the clientAssignment Guidelines:For each individual on the engagement team and on the management of YOUCPA, complete the following:Determine if they are or are not independent. Explain your reasoning.
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