Reference no: EM13333509

The accounting firm that you work for has a policy of holding conference lunches for its accounting employees to help them maintain and improve their knowledge in the fields related to their work. Each in their turn, staff members are called upon to make a presentation on a topic that they have recently had to deal with in the performance of their work, so that their colleagues can learn from it.

Knowing that you had to conduct a study in order to advise a client on a loan that he wanted to make to his daughter through the corporation that is wholly controlled by him, the head of the firm has asked you to make a short presentation next week on the subject of loans made by a private corporation to members of the principal shareholder's family. Your presentation is to focus solely on family members who are not employees of the corporation.

a. Prepare the slides and notes for your presentation following the format below. Your presentation should be limited to a maximum of five slides.

b. A team leader from the accounting firm that attended the presentation realizes that he has little knowledge of the subject. He might not be able to clearly identify this type of situation in an engagement with a client. What should the team leader do?