What is a potential successor auditor's responsibility for communicating with the predecessor auditors when dealing with a prospective new client?
A)The successor auditors have no responsibility to contact the predecessor auditors.
B)The successor auditors should obtain permission from the prospective client to contact the predecessor auditors.
C)The successor auditors should contact the predecessors regardless of whether the prospective client authorizes contact.
D)The successor auditors need not contact the predecessors if the successors are aware of all available relevant facts.

Question

Quizplus · Accepted Answer

The best choice is B, as the successor auditors have a responsibility to obtain permission from the prospective client before contacting the predecessor auditors. This is because the client's confidentiality must be respected, and contacting the predecessor auditors without permission could breach this confidentiality. However, if the client does authorize contact, the successor auditors should communicate with the predecessor auditors to obtain information about the client's business and any potential risks or issues that may affect the audit.

What Is a Potential Successor Auditor's Responsibility for Communicating with the Predecessor