Review the audit programs and audit documents pertaining to the subsidiary in the other CPA’s audit files.

Review the audit programs and audit documents pertaining to the subsidiary in the other CPA’s audit files.

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.


Price: £ 45

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