Question: 1 8 - 1 7 Comparative financial statements for a public company include the prior year s financial statements, which were audited by a predecessor
Comparative financial statements for a public company include the prior years financial statements, which were audited by a predecessor auditor. The predecessors report is not presented along with the comparative financial statements. If the predecessors report was unqualified, the successor should
Express an opinion on the current years statements alone and make no reference to the prior years statements.
Indicate in the auditors report that the predecessor auditor expressed an unqualified opinion.
Obtain a letter of representations from the predecessor concerning any matters that might affect the successors opinion.
Disclaim an opinion.
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