[happygal]

In Becker A1-49 it talks about the predecessor auditor re-submitting their prior period financial statements and reading the statement for the current period, obtaining a letter of representation from successor auditor, inquire, etc, etc, but what I do not get is why is the predecessor auditor going through so much trouble when they are not the client’s auditor any more. I thought the only time the successor auditor contacted the predecessor auditor was when they wanted to check why they left, management’s integrity, etc. Can someone please please explain this? Also, is the predecessor auditor talked to before the engagement letter is issued or after? sorry about these basic questions

[Anonymous]

Because there may be a critical issue which need to be considered as it may affect the prior period financials and the audit report that will be reissued as per the client consent based on the successor auditor request.

[Anonymous]

The successor auditor should inquire the predecessor before accepting the engagement and also he may do the same during the engagement.

[EuroAddict]

@HAPPYGAL

I believe that the predecessor would do that when they audited the prior period F/S and the report is going to be reissued by the successor.

*edit* didn't even see the title lol* But your title explains why.

-----------------------------
BEC - 77, 03/2015 (first try)
FAR - 79, 05/2015 (second try)
REG - 83, 12/2015 (first try)
AUD - 84, 03/2015 (first try)

I got 99 problems but the CPA ain't one.

[happygal]

Thank you @ CPA CMA and @ Euro Addict! 🙂

[Author]

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