(New Client Acceptance) Comprehensive Case: Hood Furniture, Inc. Company Background Information: Your employer, Reddy amp;amp; Abel, LLP, Certified...

Draft an engagement letter for partner review. You may assume that the fee estimate for audit services will run between $20,000 and $25,000, and the fee for tax services is estimated between $7,500 and $10,000. Separate proposals may be presented at a later date for additional services based on audit findings.