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Who is responsible for initiating communication between the predecessor and successor auditors? What type of information should be requested from the predecessor auditor? © BrainMass Inc. brainmass.com December 24, 2021, 8:36 pm ad1c9bdddfhttps://brainmass.com/business/business-communication/communication-auditing-293128 Solution PreviewWho is responsible for initiating communication between the predecessor and successor auditors? What type of information should be requested from the predecessor auditor? To start it is important to understand that using the term predecessor auditor we are referring to an auditor who has reported on the most recent audited financial statements or was engaged to perform but did not complete an audit of the financial statements and has resigned, declined to stand for ... Solution SummaryCommunications and auditing is examined. Who is responsible for initiating communications between the predecessor and successor auditors. ADVERTISEMENTSkip to main content
Who is responsible for initiating the communication between the predecessor and successor auditors?Who is responsible for initiating the communication between the predecessor and successor auditors? Students who’ve seen this question also like: Related Accounting Q&AFind answers to questions asked by students like you. 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Why is it necessary to have communication between the predecessor and successor auditors?07 Inquiry of the predecessor auditor is a necessary procedure because the predecessor auditor may be able to provide information that will assist the successor auditor in determining whether to accept the engagement.
Who is responsible for audit preparation?4. The auditor must prepare audit documentation in connection with each engagement conducted pursuant to the standards of the PCAOB. Audit documentation should be prepared in sufficient detail to provide a clear understanding of its purpose, source, and the conclusions reached.
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Who is responsible for initiating the communication between the predecessor and successor auditors?
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