To which group can a CPA provide audit documentation without being subpoenaed and without the client's consent?
A)The IRS.
B)The FASB.
C)Another CPA firm performing a peer review.
D)Another CPA firm considering the purchase of the auditing firm.

Question

Quizplus · Accepted Answer

According to the AICPA Code of Professional Conduct, a CPA can provide audit documentation to another CPA firm performing a peer review without being subpoenaed and without the client's consent. This is because peer review is considered a professional practice monitoring activity and is essential to maintaining high-quality auditing services. However, the CPA must ensure that their actions comply with confidentiality and privacy requirements. The CPA cannot provide audit documentation to the IRS or another CPA firm considering the purchase of the auditing firm without the client's consent or a subpoena. The FASB does not typically request audit documentation.

To Which Group Can a CPA Provide Audit Documentation Without