When a company changes auditors, the Code of Ethics for Professional Accountants requires communication between the predecessor and successor auditors.The burden of initiating the communication rests with the:
A) ASIC.
B) predecessor.
C) client.
D) successor.

Question

Quizplus · Accepted Answer

The Code of Ethics for Professional Accountants specifies that the successor auditor has the responsibility to initiate communication with the predecessor auditor when a change of auditors is taking place. This is to ensure that the successor has all the necessary information to perform the audit effectively.

When a Company Changes Auditors, the Code of Ethics for Professional