"Fred Oatly is the loan officer of National Bank of Dallas. National has a loan of $260,000 outstanding to Regional Delivery Service, a company specializing in delivering products of all kinds on behalf of smaller companies. National's collateral on the loan consists of 35 small delivery trucks with an average original cost of $17,000.
Oatly is concerned about the collectability of outstanding loan and whether the trucks still exist. He thus engages Susan Virms, CPA, to count the trucks, using registration information held by Oatly. She was engaged because she spends most of her time auditing used automobile and truck dealerships and has extensive specialized knowledge about used trucks.