When a successor (new)auditor contacts a company's previous auditor, the predecessor (old)auditor is required to respond to the request for information.

Question

Quizplus · Accepted Answer

According to the auditing standards, when a successor auditor contacts a company's previous auditor, the predecessor auditor is required to respond to the request for information. This is to help the successor auditor obtain an understanding of the client's business and internal control environment, as well as any significant accounting and auditing issues that may have arisen in the past. Failure to respond to such a request could result in a violation of professional ethics and legal requirements.

When a Successor (New)auditor Contacts a Company's Previous Auditor, the Predecessor