When a CPA is approached to perform an audit for the first time,the CPA should make inquiries of the predecessor auditor.This is a necessary procedure because the predecessor may be able to provide the successor with information that will assist the successor in determining
A) Whether the predecessor's work should be utilized.
B) Whether, in the predecessor's opinion, the financial statements are materially correct.
C) Whether, in the predecessor's opinion, the company's internal controls have been satisfactory.
D) Whether the engagement should be accepted.

Question

Quizplus · Accepted Answer

Making inquiries of the predecessor auditor is a necessary procedure to help the successor CPA determine whether the engagement should be accepted or not. Through these inquiries, the predecessor can provide insights into any issues or concerns they may have faced while performing the audit. This information can help the successor CPA make an informed decision before accepting the engagement. The other options presented in the question are not the primary purpose of making inquiries of the predecessor auditor. While the predecessor may be able to provide some information about the material correctness of the financial statements and the company's internal controls, those are not the main reasons for making these inquiries.

When a CPA Is Approached to Perform an Audit for the First