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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 793 |
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As the predecessor auditor to Price Waterhouse, did E&W follow the professional standards in paragraphs .03-.10 in their communications with Price Waterhouse? In your answer using guidance and details from the case, explain what E&W was supposed to do and what they did do (did they follow the standard or violate a part of the standard guidance? If so, then which part?)...
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Especially address under what circumstances is a predecessor auditor allowed to give a limited response and what limited response is allowed by the standards in paragraph .10. What does a limited response mean to the successor auditor?
D. Did Price Waterhouse as the successor auditor follow the substance of the standard? Did they do what they should have done or what the standard allowed them to do? In your answer address why successor auditors are supposed to contact predecessor auditors, and what a limited response should mean to them...
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