Smith and Johns, a CPA firm, was approached by Pioneer Company toconduct an audit for its financial statements for the year 2020. Smith andJohns asked Pioneer Company to grant it an approval to contact thepredecessor auditor before giving its acceptance on the newengagement. Smith and Johns would most probably inquire thepredecessor auditor about the following issue(s): *O Audit feesO Partner's salaryReasons for change of auditorsO All of the aboveNone of the above

Audit :- Companies record the transactions of the business everyday from the date of starting the…

Answered: engagement. Smith and Johns would most…

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Accounting

engagement. Smith and Johns would most probably inquire the predecessor auditor about the following issue(s):

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Smith and Johns, a CPA firm, was approached by Pioneer Company to
conduct an audit for its financial statements for the year 2020. Smith and
Johns asked Pioneer Company to grant it an approval to contact the
predecessor auditor before giving its acceptance on the new
engagement. Smith and Johns would most probably inquire the
predecessor auditor about the following issue(s): *
O Audit fees
O Partner's salary
Reasons for change of auditors
O All of the above
None of the above

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