Changes In Professional Appointment

Question 1

Commitment with predecessor accountan

Answer 1

Here are the key points regarding changes in professional appointment:

Reasons for Not Accepting an Engagement

1. Threats to compliance with professional principles cannot be addressed by safeguards.
2. Self-interest threats due to lack of knowledge about relevant facts.

Communicating with Existing or Predecessor Accountant

1. Proposed accountant needs client permission to discuss with existing/predecessor accountant.
2. If unable to communicate, proposed accountant takes reasonable steps to obtain information.

Communicating with Proposed Accountant

1. Existing/predecessor accountant complies with relevant laws and regulations.
2. Provides information honestly and unambiguously.
3. Confidentiality binds existing/predecessor accountant.

Key Considerations

1. Nature of engagement affects permission/disclosure.
2. Legal and ethics requirements vary by jurisdiction.
3. Client permission required for discussions.

Best Practices

1. Clearly communicate with clients and predecessor accountants.
2. Ensure compliance with laws and regulations.
3. Maintain confidentiality.
4. Document all communications and agreements.