Question: a. What does the term predecessor auditor mean? What does the term successor auditor mean? b. In the new AICPA auditing standard, Inquiries of the

a. What does the term predecessor auditor mean? What does the term successor auditor mean?

b. In the new AICPA auditing standard, “Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations,” the successor auditor must communicate with the predecessor auditor about known or suspected fraud and/ or noncompliance with laws and regulations, but only if client management consents to such communications. Why is management consent necessary? Why is it a red flag to the successor auditor if management refuses to give such consent?

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