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Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

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Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
1
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of the following factors most likely would cause an independent auditor to decide not to accept a new audit engagement?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The auditor's lack of understanding of the prospective client’s internal audit function’s audit plan.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Management's disregard of its responsibility to maintain an adequate internal control environment.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The auditor's inability to determine whether related party transactions were consummated on terms equivalent to arm’s-length transactions.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Management's refusal to permit the auditor to perform substantive tests before the year-end.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
2
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of the following statements is correct with regard to the predecessor- successor communications?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The successor auditor has no responsibility to contact the predecessor auditor.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The successor auditor should obtain permission from the entity before contacting the predecessor auditor.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The successor auditor should contact the predecessor regardless of whether the prospective client authorizes contact.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The successor auditor need not contact the predecessor if the successor is aware of all available relevant facts.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
3
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Before accepting an audit engagement, a successor auditor should make specific inquiries of the predecessor auditor regarding the predecessor’s
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Awareness of the consistency in the application of accounting principles between periods.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Evaluation of all matters of continuing accounting significance.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Opinion of any subsequent events occurring since the predecessor’s audit report was issued.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Understanding as to the reasons for the change of auditors.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
4
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

The preliminary engagement activities include all of the following except:
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Determine the audit engagement team requirements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Ensure that the audit team is independent.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Ensure that there is an independent audit committee.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Ensure that the audit firm is independent.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
5
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

When establishing an understanding with the entity regarding the terms of the engagement, all of the following should be discussed, except:
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The engagement letter.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The internal audit function.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The audit committee.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The agreed upon limits on auditor liability for an improper audit.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
6
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of the following statements best represents the reason why auditors prepare engagement letters to be signed by their auditees?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
They provide documentation of management’s responsibility for the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
They document the audit fees and deadlines that have been agreed upon.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
They communicate and clarify the expectations and responsibilities of both the auditee and the auditor.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
They help to limit auditor liability in the event of misunderstandings.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
7
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

A written understanding between the auditor and the entity concerning the auditor’s responsibility for the discovery of non-compliance with laws and regulations is usually set forth in a(n)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Internal control letter.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Letter of audit inquiry.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Management letter.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Engagement letter.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
8
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of the following factors would be of least importance to an auditor in determining how much reliance can be placed on the work of internal auditors?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The competence and objectivity of the internal audit function.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The materiality or significance of the accounts examined by the internal audit function.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The audit risk associated with the accounts examined by the internal auditors.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The nature of the audit software documentation used by the internal auditors.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
9
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of the following would most likely indicate the existence of related parties?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Failing to write down inventory to market value just before year-end.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Depending on one or a few products for nearly all of a firm’s operating revenues.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Borrowing money at an interest rate substantially below the prevailing market rate of interest.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Selling goods to a major customer of your main competitor.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
10
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

For which laws and regulations does the auditor have the same responsibility as that for errors and fraud?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Laws and regulations that have an indirect effect on the determination of financial statement amounts.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Laws and regulations that have a material but indirect effect on the determination of financial statement amounts.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Laws and regulations that have a direct and material effect on the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Laws and regulations that have a direct and material effect on the financial statements as well as laws and regulations that have material but indirect effect on the determination of financial statement amounts.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
11
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

During the initial planning phase of an audit, an independent auditor most likely would
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Identify specific internal control activities that are likely to prevent fraud.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Evaluate the reasonableness of the entity’s accounting estimates.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Discuss the timing of the audit procedures with the entity’s management.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Inquire of the entity’s lawyer if it is probable that any unrecorded claims will be asserted.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
12
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

When planning an audit, an auditor should
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Consider whether the extent of substantive procedures may be reduced based on the results of the internal control questionnaire.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Determine overall materiality for audit purposes.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Conclude whether changes in compliance with prescribed internal controls justify reliance on them.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Prepare a preliminary draft of the management representation letter.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
13
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of these statements concerning non-compliance with laws and regulations by clients is correct?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
An auditor’s responsibility to detect non-compliance with laws and regulations that have a direct and material effect on the financial statements is the same as that for errors and fraud.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
An audit in accordance with the international standards on auditing normally includes audit procedures specifically designed to detect non-compliance with laws and regulations that have an indirect but material effect on the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
An auditor considers non-compliance with laws and regulations from the perspective of the reliability of management’s representations rather than their relation to audit objectives derived from financial statement assertions.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
An auditor has no responsibility to detect non-compliance with laws and regulations by clients that have an indirect effect on the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
14
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

The engagement partner reviews the work of engagement team members to evaluate which of the following?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The work was performed and documented.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The objectives of the procedures were achieved.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The results of the work support the conclusions reached.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
All of the above are correct.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
15
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of the following would NOT be a typical supervisory activity for an audit?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Perform detailed testing of the accounts payable account.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Inform engagement team of the nature, timing, and extent of audit procedures.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Review the work of other engagement team members.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Evaluate the results of the work and whether it supports the conclusions reached.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
16
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Tests of controls include all of the following except:
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Inspection of documents, files, etc.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Analytical procedures.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Walk-throughs.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Observation.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
17
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

A dual-purpose test is
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A procedure that provides evidence about two different account balances at the same time.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A procedure that serves as both a test of control and a substantive test of transactions.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A procedure that provides evidence about two different accounting periods at the same time.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A procedure that serves as both a substantive test of transactions and a substantive test of balances.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
18
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

The concept of materiality as it applies to a financial statement audit
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Relates primarily to the audit fees involved.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Generally involves less professional judgement for public companies.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Is determined, in part, based on how financial statement users may be influenced in making decisions.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Relates primarily to the quantity of audit procedures performed.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
19
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

According to the text, the first step in applying materiality to an audit is
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
To determine performance materiality for each account balance.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
To determine a materiality level for the overall financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
To aggregate the misstatements found in each account and determine their overall affect on the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
To ask management what constitutes a material amount in their business.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
20
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Which of the following is not a qualitative factor that may affect an auditor’s establishment of materiality?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Potential for fraud.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The company is close to violating loan covenants.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Firm policy sets materiality at four per cent of profit before tax.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A small misstatement would interrupt an earnings trend.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
21
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

Performance materiality is
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
The amount of misstatement that management is willing to accept in the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Materiality for the balance sheet as a whole.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Materiality for the income statement as a whole.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Materiality used to establish a scope for the audit procedures for the individual account balance or disclosures.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
22
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?

When misstatements are greater than overall materiality, the auditor should
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
A)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Require that the auditee adjust the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
B)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Issue an unqualified opinion.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
C)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Modify the opinion if the auditee will not adjust the financial statements.
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
D)
Which of the following inquiries should be made of a predecessor auditor before accepting a new client?
Both A) and C).

What should an auditor do before accepting a client?

Before accepting an engagement to audit a new Service organization, the service auditor must perform their due diligence around the client acceptance process, anticipate acceptance issues, address the client risk, and perform risk acceptance procedures.

Which of the following should an incoming auditor obtain from the predecessor auditor prior to accepting an audit engagement?

Which of the following should the auditors obtain from the predecessor auditors before accepting an audit engagement? (1)Analysis of balance sheet accounts.

What topics should a successor auditor discuss with the predecessor auditor before accepting an audit engagement?

The successor auditor should bear in mind that, among other things, the predecessor auditor and the client may have disagreed about accounting principles, auditing procedures, or similarly significant matters.

What inquiries should the successor auditor make of the predecessor auditor?

The predecessor auditor should ordinarily permit the successor auditor to review working papers, including documentation of planning, internal control, audit results, and other matters of continuing accounting and auditing significance, such as the working paper analysis of balance sheet accounts, and those relating to ...

inquiries made predecessor auditor accepting client

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