The Onus Is on the Successor Auditor to Contact the Predecessor

question 2

True/False

The onus is on the successor auditor to contact the predecessor auditor when deciding on accepting a new client.

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Definitions:

Complementary Skills

Abilities or expertise in different areas that, when combined, enhance the effectiveness or performance of a team or individual.

ESOPs

Employee Stock Ownership Plans, programs that provide a company's workforce with an ownership interest in the company.

Stock Certificates

Physical documents that represent ownership of a particular number of shares in a corporation.