auditing research method

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Issue:

Miscellaneous

 

Written by:

Kris D

 

Date added:

July 25, 2015

 

Level:

University

 

Grade:

A

 

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1 / 259

 

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7756 times

 

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Essay content:

The successor auditor should request permission from the client to make an inquiry of the predecessor before final acceptance of the engagement. Thus, the successor should ask the client to authorize the predecessor to respond fully to inquiries. The successor auditor should inquire about reasons for the change in auditors; disagreement with management about accounting principles and auditing procedures; facts bearing on management's integrity; and communications to audit committees or other regarding fraud, illegal acts by clients, and internal control related matters...
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Thus, the successor should ask the client to authorize the predecessor to respond fully to inquiries. The successor auditor should inquire about reasons for the change in auditors; disagreement with management about accounting principles and auditing procedures; facts bearing on management's integrity; and communications to audit committees or other regarding fraud, illegal acts by clients, and internal control related matters...
displayed 300 characters

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