In regard to communications between the predecessor and successor auditors which of the following is false? The successor auditor must ask management to authorize the predecessor auditor to respond to his inquiries. Generally accepted auditing standards (GAAS) require the predecessor auditor to respond to all inquiries from the successor auditor. If a prospective client refuses permission for a predecessor auditor to respond to a successor auditor, the successor auditor should consider the implications in deciding whether to accept the engagement. The communication between the predecessor and successor auditors is important in evaluating the integrity of management.
In regard to communications between the predecessor and successor auditors which of the following is false? The successor auditor must ask management to authorize the predecessor auditor to respond to his inquiries. Generally accepted auditing standards (GAAS) require the predecessor auditor to respond to all inquiries from the successor auditor. If a prospective client refuses permission for a predecessor auditor to respond to a successor auditor, the successor auditor should consider the implications in deciding whether to accept the engagement. The communication between the predecessor and successor auditors is important in evaluating the integrity of management.
For unlimited access to Homework Help, a Homework+ subscription is required.