If a public accounting firm is requested by a client of another audit firm to provide an opinion on the application of an accounting principle, the public accounting firm should:
A) inform ASIC.
B) advise the existing auditor.
C) refuse to give an opinion.
D) all of the above

Question

Quizplus · Accepted Answer

The public accounting firm should advise the existing auditor as per the ethical principles of professional behavior. Refusing to give an opinion or informing ASIC is not necessary unless there are legal or professional requirements to do so.

If a Public Accounting Firm Is Requested by a Client