Comparitive FS Predecessor auditors report Reissue question

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  • #195072
    Senk Tank
    Participant

    Becker writes – “Predecessor auditors may reissue their report on FS as long as the report is still appropriate.”

    Why the hell are they reissuing the same report? I don’t get it!

    Or is that the successor auditor taking the predecessors audit and adding it to the comparative?

    Any insight would be great!

    Embrace the Pain

    "Quality over Quantity" - Tony Horton, P90X

    AUD - 84 10/2015
    REG - 91 2/2016
    BEC - 5/28/2016

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  • #676253
    rnin1ee
    Member

    The auditor's current report covers all financial statements (for all periods) presented. – There are different period FS are presented comparatively in the current FS.

    Since successor didn't audit prior period FS, and responsible for current period, s/he want to make sure prior period FS are covered by predecessor although s/he is issuing the same report again.

    FAR - 74, 74, 84
    REG - 79
    AUD - 77
    BEC - 71, 80

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