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Essay heading: Ocean Manufacturing, Inc.: The New Client Acceptance Decision
 
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Issue: Business
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Date added: April 24, 2001
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No of pages / words: 3 / 627
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lacked the technical expertise to understand sophisticated controls software and was not competent in providing required consulting services to move the company towards its goal of national markets and future IPO. "The President explained that the main reason for the switch is to build a relationship with a more nationally established CPA Firm because the Company plans to make an Initial Public Offering, (IPO), of it's common stock within the next few years...
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"The President explained that the main reason for the switch is to build a relationship with a more nationally established CPA Firm because the Company plans to make an Initial Public Offering, (IPO), of it's common stock within the next few years." The previous auditor was perceived to be technically lacking because they did not understand Ocean's Business and Industry Environment...
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