The purpose of the requirement in having communication between the predecessor and successor auditors is to: * Allow the predecessor to disclose O information, which would otherwise be confidential. Help the successor auditor to evaluate whether to accept the engagement. Ensure the predecessor collects all O unpaid fees prior to a change in auditor. Help the client by facilitating the change of auditors.

The purpose of the requirement in having communication between the predecessor and successor auditors is to: * Allow the predecessor to disclose O information, which would otherwise be confidential. Help the successor auditor to evaluate whether to accept the engagement. Ensure the predecessor collects all O unpaid fees prior to a change in auditor. Help the client by facilitating the change of auditors.

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

The purpose of the requirement in
having communication between the
predecessor and successor auditors is
to: *
Allow the predecessor to disclose
O information, which would otherwise be
confidential.
Help the successor auditor to evaluate
whether to accept the engagement.
Ensure the predecessor collects all
O unpaid fees prior to a change in
auditor.
Help the client by facilitating the
change of auditors.

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