Required Information Ch06 Predecessor-Successor Auditor Communications [LO6-2] Predecessor-Successor Auditor Communications Read the case, then answer the questions that follow. Audit standards require successor auditors to attempt to communicate with the predecessor before accepting an audit engagement. CONCEPT REVIEW: Audit standards require successor auditors to attempt communication with the predecessor auditors. The predecessors must have permission from the previous client before sharing Information with the successor auditors. Predecessor auditors will help successor auditors to determine whether or not to accept an engagement. Part 2 - Concept Check 1. Successor auditors need to communicate with predecessor auditors 2 accepting the engagement. must ask management to authorize the predecessor auditors to discuss confidential information. 3. If predecessor auditors refuse communication, successor auditors accept the engagement. 4. Communication between predecessor and successor auditors aids in evaluating the 5. Shopping for accounting principles is of management. by Sarbanes-Oxley.

Required Information Ch06 Predecessor-Successor Auditor Communications [LO6-2] Predecessor-Successor Auditor Communications Read the case, then answer the questions that follow. Audit standards require successor auditors to attempt to communicate with the predecessor before accepting an audit engagement. CONCEPT REVIEW: Audit standards require successor auditors to attempt communication with the predecessor auditors. The predecessors must have permission from the previous client before sharing Information with the successor auditors. Predecessor auditors will help successor auditors to determine whether or not to accept an engagement. Part 2 - Concept Check 1. Successor auditors need to communicate with predecessor auditors 2 accepting the engagement. must ask management to authorize the predecessor auditors to discuss confidential information. 3. If predecessor auditors refuse communication, successor auditors accept the engagement. 4. Communication between predecessor and successor auditors aids in evaluating the 5. Shopping for accounting principles is of management. by Sarbanes-Oxley.

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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