Question

What should you do if you are a successor auditor. What steps should you take.

Answer 1

The successor auditor should make specific and reqsonarea inquires regarding the predecessor work and then decide whether he will take the role or not.

The successor auditor should request the client to look into predecessor audit work documents.

He should focus on following points :

1. Talk the management which could bear on company integrity

2. Talk with the management on clarification of accounting principles, auditing process or other similar processes.

3. Talk to audit committee and check the internal controls