Discuss the type of information the auditor should include in the request to the former auditor.
Discuss the type of information the auditor should include in the request to the former auditor.
Homework Answers
Type of information auditor should request to former auditor:
- Auditor should request to the former auditor for review of working Papers. They have to clearly understand the scope of audit.
- He/she should understand the audit results, internal control, working papers related to balance sheet and other contingencies.
- He/she must understand accounting principles used which is very critical for arriving at audit results because consistency of accounting and audit principles are essential
- In a reaudit it is not possible to make physical count as on earlier date
- If the auditor understands the former auditor opinion leads to misstatement of Financial statement need to jointly discuss with client to resolve the issue
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