Choice d is incorrect there is no requirement that

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Unformatted text preview: tters that might affect the successor's opinion. CPA-04614 Choice "c" is correct. When a successor auditor does not present the predecessor auditor's report, the successor should indicate in the introductory paragraph that the predecessor auditor expressed an unqualified opinion on the prior year's financial statements. Choice "a" is incorrect. No assurance is provided regarding the fair presentation of the prior year's financial statements. Choice "b" is incorrect. The auditor does make reference to the prior year's financial statements, indicating in the introductory paragraph that the predecessor auditor expressed an unqualified opinion on the prior year's financial statements. Choice "d" is incorrect. There is no requirement that the successor obtain a letter of representation from the predecessor auditor, although the reverse may be true (the predecessor should obtain a letter of representation from the successor if the previous report is to be reissued.) 17. CPA-04612 As o...
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This note was uploaded on 06/14/2013 for the course ACCOUNTING audit cpa taught by Professor Becker during the Fall '12 term at Keller Graduate School of Management.

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