When a Company Changes Auditors, the Code of Ethics for Professional

question 64

Multiple Choice

When a company changes auditors, the Code of Ethics for Professional Accountants requires communication between the predecessor and successor auditors.The burden of initiating the communication rests with the:

• A) ASIC.
• B) predecessor.
• C) client.
• D) successor.

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Definitions:

ACT

Acceptance and Commitment Therapy; a form of psychotherapy that encourages individuals to embrace their thoughts and feelings rather than fighting or feeling guilty for them.

Private Events

In psychology, this refers to internal experiences such as thoughts, feelings, and sensations that are not observable by others.

Third-Wave

Refers to the third-generation therapies that combine traditional behavior therapy with mindfulness and acceptance strategies, such as Dialectical Behavior Therapy.

Psychotherapies

A broad range of therapies aimed at treating emotional and psychological disorders through verbal and psychological techniques.