When the existing accountant doesn't reply to the proposed professional accountant after a reasonable period of time, the latter can accept the appointment without guilty feelings that he was not sufficiently ethical towards a colleague. г. s. Communication between the two accountants (existing and proposed) is also beneficial to others like the minority interest owners of the client-corporation.
When the existing accountant doesn't reply to the proposed professional accountant after a reasonable period of time, the latter can accept the appointment without guilty feelings that he was not sufficiently ethical towards a colleague. г. s. Communication between the two accountants (existing and proposed) is also beneficial to others like the minority interest owners of the client-corporation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Write true if the statement is correct; or false if the statement is incirrect. If true, explain in 1 or 2 complete sentences, and if false, correct the statement in at least 1 complete sentence.
![When the existing accountant doesn't reply to the proposed professional accountant
after a reasonable period of time, the latter can accept the appointment without guilty
feelings that he was not sufficiently ethical towards a colleague.
r.
S. Communication between the two accountants (existing and proposed) is also
beneficial to others like the minority interest owners of the client-corporation.
An appointment as the new accountant of a client will be accepted by the new
accountant even though he is aware that the existing/old accountant has still
uncollected professional fee from said client.
t.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb1129153-8c20-42bf-8975-01c1a3c31354%2F870a03a9-3a98-48ac-8961-7070c28f4f8a%2F8yi7ui_processed.jpeg&w=3840&q=75)
Transcribed Image Text:When the existing accountant doesn't reply to the proposed professional accountant
after a reasonable period of time, the latter can accept the appointment without guilty
feelings that he was not sufficiently ethical towards a colleague.
r.
S. Communication between the two accountants (existing and proposed) is also
beneficial to others like the minority interest owners of the client-corporation.
An appointment as the new accountant of a client will be accepted by the new
accountant even though he is aware that the existing/old accountant has still
uncollected professional fee from said client.
t.
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