If the auditors withdraw from an engagement, _______.
A)they will inform the appropriate level of management or those charged with governance and provide reasons for the withdrawal
B)they will inform the appropriate level of management only and will provide reasons for the withdrawal
C)the auditor should immediately cease communication with the client, and refer them to another auditor
D)they are not entitled to receive compensation for services performed

Question

Quizplus · Accepted Answer

When auditors withdraw from an engagement, they are required to inform the appropriate level of management or those charged with governance and provide reasons for the withdrawal. This is to ensure that any concerns or issues can be addressed and resolved. Simply informing management and ceasing communication with the client would not be sufficient. The auditors may be entitled to receive compensation for services performed up to the point of withdrawal.

If the Auditors Withdraw from an Engagement, _______