An audit report should be reissued by the predecessor auditor if:
A) the predecessor auditor has access to the current year's financial statements.
B) the predecessor auditor has access to the successor auditor's working papers.
C) the predecessor auditor has access to management and to the successor auditor.
D) All of the above.

Question

Quizplus · Accepted Answer

All three options stated in the answer choices would allow the predecessor auditor to assess the accuracy and completeness of the information in the current year's financial statements and the work performed by the successor auditor. To reissue an audit report, the predecessor auditor should have access to relevant information and be in a position to evaluate the current year's audit evidence to determine whether any adjustments are necessary. Therefore, all three options are necessary for the predecessor auditor to reissue an audit report.

An Audit Report Should Be Reissued by the Predecessor Auditor