For prospective clients that have previously been audited by another firm, the new auditor is required to communicate with the previous auditor.

Question

Quizplus · Accepted Answer

The new auditor is required to communicate with the previous auditor to obtain information about previous audits, the entity's accounting policies, and any other relevant information. This helps the new auditor to plan the audit effectively and efficiently. The communication between the auditors is usually done through a letter of inquiry.

For Prospective Clients That Have Previously Been Audited by Another