C. Hill, CPA, has been retained to audit the financial statements of Monday Co. Monday's predecessor auditor was K. Post, CPA, whom Monday has notified by that its services have been terminated. Under these circumstances, which party should initiate the communications between Hill and Post?

Question

Quizplus · Accepted Answer

Hill, the successor auditor, should initiate the communications with Post, the predecessor auditor, as part of the client acceptance and continuance process. This is a standard procedure to understand any matters that might affect the acceptance of the engagement.

C Hill, CPA, Has Been Retained to Audit the Financial