Comparative financial statements include the financial statements of the prior year that were audited by a predecessor
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Comparative financial statements include the financial statements of the prior year that were audited by a predecessor auditor whose report is not presented. If the predecessor's report was qualified, the successor should
a. Indicate the substantive reasons for the qualification in the predecessor auditor's opinion.
b. Request the client to reissue the predecessor's report on the prior year's statements.
c. Issue an updated comparative audit report indicating the division of responsibility.
d. Express an opinion only on the current year's statements and make no reference to the prior year's statements.
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Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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