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A group engagement partner decides not to refer to another CPA who
audited a subsidiary of the group engagement partner’s client. After
making inquiries about the other CPA’s professional reputation and
independence, the group engagement partner most likely would: (Points :
2)
Add an explanatory paragraph in the auditor’s report indicating
that the subsidiary’s financial statements are not material to the
consolidated financial statements.
Obtain written permission from the other CPA to omit the reference in the group engagement partner’s report.
Review the audit programs and audit documents pertaining to the subsidiary in the other CPA’s audit files.
Document
in the engagement letter that the group engagement partner assumes no
responsibility for the other CPA’s work and opinion.
