this is a project i will upload the case with the files need to complete the case it``s simple i``m ready to pay the price.II. Steps to Completion1. Conduct Internet and library researchDo an Internet and or library search to determine the current state of the U.S. economy and the household appliance industry. This will be the bases for your summary of possible client audit and fraud risks that will be included in your report below. You need at least three sources of information for the U.S. economy and industry analysis; be sure to cite your sources in your report. You can use the most recent years for your internet search of the U.S. economy and industry. Do not go back to the years stated in the annual report for the project. In other words, the Marco financial statements are dated 2014 and 2015.You should conduct your internet research on the two years preceding the year you are taking this course and assume the Marco statements are also from the same two years.For example, if you are taking this course in the year 202X you would conduct your research on 202X - 2 years and 202X - 1 year and also assume the Marco financial statements are dated 202X - 2 years and 202X - 1 year, whereby X could equal any digit between 0 and 9.Specifically, if this year were 2029, youwould conduct research on 2028 and 2027.2. Prepare a client acceptance reportPrepare a client acceptance report to the partner in charge of your engagement. Use your own words to prepare a report to the partner. There is no standard way to write a report, and there is no template for a client acceptance report. Internal reports such as a client acceptance report are proprietary and confidential. Information and data that would be included in a client acceptance report will vary depending on the audit firm and the client involved. Your report will need to contain lists of additional information the audit firm would need to gather before the client acceptance decision is finalized. Create a letterhead for the accounting firm where you work: Levin, Lombard, & Wolod, LLC and use the letterhead to write your client acceptance report. Address the report to the partner in charge of the audit (your professor). This is not a standard audit report; you may format it as a memo to your supervisor that contains the required information and sections discussed below.Page 97 of your Auditing textbook discusses the client acceptance process. The client acceptance report is important because it aids in the process of evaluating whether or not to accept a client. The report would probably be written by an audit manager and addressed to thepartner in charge of the audit, assuming the client was accepted for the audit. There are a number of points on pages 97 through 100 that you should consider for inclusion in your client acceptance report. Your client acceptance report should contain the following sections:A summary of possible client audit and fraud risks that you develop from your review of the publicly available information on the U.S. economy and the firm's unaudited 2015 financial statements as well as the limited industrial data provided in the project. As a reminder, you mayuse the most recent two years preceding the year you are taking this course. You must use at least three sources of information. Cite: a) sources for the economy and industry analysis, and b) sources in your client acceptance report. Page 24 of 25A description of items you recommend the audit firm research concerning Marco’s managers that would address their ethical character and qualifications to run a firm like Marco along with alist of possible information sources. Include a brief discussion of why you included each item bydiscussing how it would affect audit and fraud risk. Include three sources of information where you would expect to find this information. A source of information is somewhere you would look to develop this information and can be internal information within the firm, public source, or discussions with parties that might be familiar with Marco’s management. Cite your sources.Provide a description of items you recommend the audit firm research concerning Marco’s relationships with third parties including: customers, vendors, financial institutions, and legal counsel that would be relevant to assess audit risk. Include possible sources of information for each third party and where you would expect to find the information. Further, include a brief discussion of why you included each item by discussing how it would affect audit and fraud risk. You must cite at least three sources of information.A description of items you recommend the audit firm review internally to determine the need for outside experts on the audit and whether the audit firm is sufficiently independent of Marco. Provide a general discussion of the sources you would use here. The grading for the report has a style com

Individual Report instructionsYour task is to prepare an individual report to each of the questions at the end of the case study (Beijing TBF Mining Engineering Co Ltd). In preparing your response you should first read the case study, which provides background information about the organization.You are expected to show both your knowledge and understanding of thesubject and be able to apply what you have learned to the case study.You should present your answers in a report format with a word count of 1500 words.Suggested structure and contents of the individual paper Introduction:Brief introduction to the background and the purpose of the report Q1 Q2 Q3 Q4 Conclusion:Brief summary of your suggestions ReferenceFormatFonts:Style:Arial or Times New RomanSize: 12Line spacing: 1.5 or double-lineReferencing format: APA referencing formatThe case study is in the document.