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When a CPA is approached to perform an audit for the first time, the CPA should make inquiries of the predecessor auditor. This is a necessary procedure because the predecessor may be able to provide the successor with information that will assist the successor in determining :

A. Whether the predecessor's work should be utilized.

B. Whether, in the predecessor's opinion, the financial statements are materially correct.

C. Whether, in the predecessor's opinion, the company's internal controls have been satisfactory.

D. Whether the engagement should be accepted.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M942523

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