If a principal auditor decides to refer in his or her report to the audit of anotherauditor, he or she is required to disclose the(1) name of the other auditor.(2) nature of the inquiry into the other auditor’s professional standing and extent ofthe review of the other auditor’s work.(3) portion of the financial statements audited by the other auditor.(4) reasons for being unwilling to assume responsibility for the other auditor’s work.
If a principal auditor decides to refer in his or her report to the audit of anotherauditor, he or she is required to disclose the(1) name of the other auditor.(2) nature of the inquiry into the other auditor’s professional standing and extent ofthe review of the other auditor’s work.(3) portion of the financial statements audited by the other auditor.(4) reasons for being unwilling to assume responsibility for the other auditor’s work.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If a principal auditor decides to refer in his or her report to the audit of another
auditor, he or she is required to disclose the
(1) name of the other auditor.
(2) nature of the inquiry into the other auditor’s professional standing and extent of
the review of the other auditor’s work.
(3) portion of the financial statements audited by the other auditor.
(4) reasons for being unwilling to assume responsibility for the other auditor’s work.
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