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, YOUCPA Bill Davis, Managing Partner, YOUCPA David Youssef, Manager of Taxation Services, YOUCPA Yewel Faraday, Manager of Information Consulting, YOUCPA Frank Bell, Supervisor of Auditing assigned to Client, YOUCPA Beth Wright, Supervisor of Auditing assigned to Client, YOUCPA Wilbur Singation, Auditor, YOUCPA Sam Martin, Auditor, YOUCPA Mary Franks, Auditor, YOUCPA Phil Cole, Auditor, YOUCPA Callie Smart, Auditor, YOUCPA You, Auditor, YOUCPA Background of each individual: The following individuals are on the engagement team and on the management of YOUCPA: Sarah Ball, Senior Partner, YOUCPA Manages the YOUCPA partnership No financial interest in client No relative with firm No past history working with client in a direct manner (meaning working for the client as an employee) Bill Davis, Managing Partner, YOUCPA Managing the audit of the client No financial interest in the client No relative with the firm No past history working with the client in a direct manner David Youssef, Manager of Taxation Services, YOUCPA Manages the taxation services for the accounting firm No financial interest in the client No relative with the firm No past history working with the client in a direct manner Yewel Faraday, Manager of Information Consulting, YOUCPA Manages the information consulting for the accounting firm Yewel has no financial interest in the client No relative with the client in a direct manner Frank Bell, Supervisor of Auditing assigned to Client, YOUCPA Will supervise the audit at the main plant No financial interest in the client Wife works with client as a worker in the plant Wife has no control or influence on the impact or creation of the financial statements Wife has been working there for 20 years Beth Wright, Supervisor of Auditing assigned to Client, YOUCPA Will be auditing the distribution locations No financial interest directly in the client Does own a mutual fund that is invested in the client Mutual fund estimated.

1. 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, YOUCPA
Bill Davis, Managing Partner, YOUCPA
David Youssef, Manager of Taxation Services, YOUCPA
Yewel Faraday, Manager of Information Consulting, YOUCPA
Frank Bell, Supervisor of Auditing assigned to Client, YOUCPA
Beth Wright, Supervisor of Auditing assigned to Client,
YOUCPA
Wilbur Singation, Auditor, YOUCPA
Sam Martin, Auditor, YOUCPA
Mary Franks, Auditor, YOUCPA
Phil Cole, Auditor, YOUCPA
Callie Smart, Auditor, YOUCPA
You, Auditor, YOUCPA
Background of each individual:
The following individuals are on the engagement team and on

2. the management of YOUCPA:
Sarah Ball, Senior Partner, YOUCPA
Manages the YOUCPA partnership
No financial interest in client
No relative with firm
No past history working with client in a direct manner (meaning
working for the client as an employee)
Bill Davis, Managing Partner, YOUCPA
Managing the audit of the client
No financial interest in the client
No relative with the firm
No past history working with the client in a direct manner
David Youssef, Manager of Taxation Services, YOUCPA
Manages the taxation services for the accounting firm
No financial interest in the client
No relative with the firm
No past history working with the client in a direct manner
Yewel Faraday, Manager of Information Consulting, YOUCPA
Manages the information consulting for the accounting firm
Yewel has no financial interest in the client
No relative with the client in a direct manner
Frank Bell, Supervisor of Auditing assigned to Client, YOUCPA
Will supervise the audit at the main plant
No financial interest in the client
Wife works with client as a worker in the plant
Wife has no control or influence on the impact or creation of
the financial statements
Wife has been working there for 20 years
Beth Wright, Supervisor of Auditing assigned to Client,
YOUCPA
Will be auditing the distribution locations
No financial interest directly in the client
Does own a mutual fund that is invested in the client
Mutual fund estimated value is 0.01% of the total value of the
stock market value of the client
Mutual fund makes all decisions on who, when, and how much

3. they invest in corporations
Total investment in the mutual fund is $1,000
Wilbur Singation, Auditor, YOUCPA
No financial interest in the client
No relative with the client
No past history working with the client in a direct manner
Has contacted a head hunter looking for a new, better position
Head hunter has discussed his qualifications with many firms,
discreetly
Wilbur does not know the firms or the content of those
discussions
Sam Martin, Auditor, YOUCPA
No financial interest in the client
Cousin works with the client in a role as the mail distribution
person
Cousin handles the mail
Conversation with cousin has been rough in the past over a
small debt the cousin still will not pay
The amount of the debt is $500
Mary Franks, Auditor, YOUCPA
No financial interest in the client
No relative with the client
No past history working with the client in a direct manner
Phil Cole, Auditor, YOUCPA
Recently joined the team
Used to work at the client less than a year ago
Was responsible for financial planning and control
Left to experience the auditing profession
Callie Smart, Auditor, YOUCPA
Just graduated from a prestigious online university in Illinois
No relative or any direct relationship to the client
No investment in the client
You, Auditor, YOUCPA
No investment in the client
No past working relationship with the client in a direct manner
No relatives working at the client

4. Assignment 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.