The audit partner of Smythe and Associates, Sally Smythe, receives a phone call from another auditing firm
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The audit partner of Smythe and Associates, Sally Smythe, receives a phone call from another auditing firm asking whether it can review the audit working papers of Identical Ltd, a client her firm has recently lost. Sally is a bit nervous about this request because she made some adjustments last year that were done under pressure from management.
Required
Does Sally have to show the new auditor of Identical Ltd her working papers? Discuss.
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