Comparative financial statements include the financial statements of a prior period that were examined by a predecessor auditor whose report is not presented. If the predecessor auditor's report was qualified, the successor auditor must

Comparative financial statements include the financial statements of a prior period that were examined by a predecessor auditor whose report is not presented. If the predecessor auditor's report was qualified, the successor auditor must 



A. Obtain written approval from the predecessor auditor to include the prior year's financial statements.
B. Issue a standard comparative audit report indicating the division of responsibility.
C. Express an opinion on the current year statements alone and make no reference to the prior year statements.
D. Disclose the reasons for any qualification in the predecessor auditor's opinion.


Answer: Disclose the reasons for any qualification in the predecessor auditor's opinion.


Learn More :