The Exposure Draft, Proposed SAS Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance With Laws and Regulations, narrowly amends AU-C section 210 in AICPA Professional Standards to require an auditor, prior to accepting an engagement, to specifically inquire of the predecessor auditor regarding identified or suspected fraud and matters involving noncompliance with laws and regulations. Consistent with the current standard, the auditor’s inquiries of the predecessor auditor are contingent with management authorizing the predecessor auditor to respond fully.
Resources
Exposure Draft, Proposed SAS on NOCLAR
Feb 24, 2021 · 479.9 KB Download
FREE ACCOUNT
ACCESS
Resource available
Download the Exposure Draft, Proposed SAS Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance With Laws and Regulations
File name: 20210225a-noclar-ed.pdf
Already a member?
Log in with your account
Not a member?
To gain access to exclusive content, your first step is to join the AICPA & CIMA.