Question: In the auditors report, the principal auditor decides not to make reference to another CPA who audited a clients subsidiary. The principal auditor could justify
In the auditor’s report, the principal auditor decides not to make reference to another CPA who audited a client’s subsidiary. The principal auditor could justify this decision if, among other requirements, the principal auditor
a. Issues an unqualified opinion on the consolidated financial statements.
b. Learns that the other CPA issued an unqualified opinion on the subsidiary’s financial statements.
c. Is unable to review the audit programs and working papers of the other CPA.
d. Is satisfied as to the independence and professional reputation of the other CPA.
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