All but which of the following statements concerning communication between predecessor and successor auditors is correct?
A)The predecessor auditor must obtain the auditee's permission before granting the successor auditor access to the prior year's audit file.
B)The predecessor auditor is required to initiate contact with the successor auditor.
C)Information provided by the predecessor auditor may lead the successor to reject the new auditee as a client.
D)The minimum information the predecessor is required to report to the successor is if there is any known reason why the successor should not accept the engagement.

Question

Quizplus · Accepted Answer

The successor auditor is responsible for initiating contact with the predecessor auditor, not the other way around. This is part of the successor auditor's due diligence process before accepting a new engagement.

All but Which of the Following Statements Concerning Communication Between