LocatePlus Holdings Corporation case study Text book: Contemporary auditing 10edition Michael c. Knapp

Questions 1 The PCAOB's interim standards identify auditor's responsibilities when addressing the possibility that fraud has materially impacted a public company's financial statements. Identify in a bullet format the key instances in which the L&H auditors apparently failed to comply with these responsibilities during the 2005 and 2006 LocatePlus audits during the 2005 and 2006 LocatePlus audits. 2 What is the purpose of predecessor-successor auditor communications? Which party, the predecessor or successor auditor, has the responsibility for initiating those communications? Briefly summarize the information that a successor auditor should obtain from the predecessor auditor. 3 What are the primary responsibilities of a \"concurring partner\" under current U.S. auditing standards? 4 What is the nature and purpose of a \"letter of representations\"? Comment on the quality or strength of the audit evidence yielded by a letter of representations