When a predecessor auditor reissues the report on the prior period's financial statements at the request of
Question:
When a predecessor auditor reissues the report on the prior period's financial statements at the request of the former client, the predecessor auditor should
a. Indicate the introductory paragraph of the reissued report that the financial statements of the subsequent period were audited by another CPA.
b. Obtain an updated management representation letter and compare it to that obtained during the prior period audit.
c. Add an explanatory paragraph to the reissued report stating that the predecessor has not performed additional auditing procedures concerning the prior period's financial statements.
d. Compare the prior period's financial statements that the predecessor reported on with the financial statements to be presented for comparative purposes.
Step by Step Answer:
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor