As described in this chapter, auditors are required to communicate certain issues with the predecessor auditor before
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As described in this chapter, auditors are required to communicate certain issues with the predecessor auditor before accepting a new engagement. These issues include the reason for the change, the nature of any disagreements with management, identification of any important risk areas or control weaknesses, and prior experience with fraud or illegal acts. Describe why you believe that this requirement is important for both the protection of the subsequent auditor and the capital market in general.
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Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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