William & Plaud are principle auditors for the Lowell Corporation. One of the subsidiaries of Lowell Corporation, Wilson Manufacturing Co., is audited by Lyle & Adams. a. If William & Plaud make reference in their report to reliance on the report of other auditors are they qualifying their opinion? Explain. b. Regardless of whether William & Plaud make reference to reliance on the report of the other auditors, they should perform certain procedures with respect to Lyle and Adams' audit. What are these procedures?

Answer rating: 100% (QA)

a If William Plaud make reference in their report to reliance on the report of other auditors they a... View the full answer