answersLogoWhite

0


Best Answer

The initiative for communicating rests with the successor auditor. The predecessor auditor is required to respond to the request for information. The communication may be either written or oral.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which party the predecessor or successor auditor has the responsibility for initiating the communications?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

How do you transfer the position of executor to another person?

An executor must be appointed by a court. The executor can resign by filing a resignation with the court and the court will appoint a successor.


How do you cash a check payable to a trust if both trustees have passed and their is no trust account to deposit the check into and you are the successor trustee?

You have at least two options. If possible, you could cash the check at the bank the check is drawn from. You would need to show proof of your identity, proof of the trust and proof of your appointment as successor trustee. Or, you must open a bank account in the name of the trust. If your trust receives checks then it needs a bank account. You would need the same proof as stated above to open an account. The bank would probably hold the check until it has cleared since you don't have any other trust funds to deposit that would cover that check. When assets are placed in a trust you must follow the provisions of the trust and trust law when dealing with the property.


Can you use a media play gift card?

Just this past month, I had found an old Media Play gift card that I thought I could not use anymore. But when I tried to go to Media Play's website, it automatically forwarded me to FYE's website. I went to check my gift card balance online on FYE's site, and it showed a balance. So I decided to make a purchase online, and it also let me use the gift card towards my purchase without any problems. I am thinking that FYE was Media Play's successor, and they bought out their assets and their liabilities. Liabilities would include Media Play's outstanding gift cards. All I can say is that it did work for me, and maybe you can try to use it on FYE's site.


When did the IRS start and why?

The IRS began in July 1863 during the Civil War, when President Abraham Lincoln and Congress created the office of Commissioner of Internal Revenue and enacted a temporary income tax to pay war expenses. The position of Commissioner exists today as the head of the Internal Revenue Service.The Revenue Act of 1862 was passed as an emergency and temporary war-time tax. It copied a relatively new British system of income taxation, instead of trade and property taxation. The first income tax was passed in 1861.However, in 1872, seven years after the war, lawmakers allowed the temporary Civil War income tax to expire. Income taxes evolved, but in 1894 the Supreme Court declared the Income Tax of 1894 unconstitutional in Pollock v. Farmers' Loan & Trust Co.. The federal government scrambled to raise money.In 1906, with the election of President Theodore Roosevelt, and later his successor William Howard Taft, the United States saw a populist movement for tax reform. This movement culminated during then candidate Woodrow Wilson's election of 1912 and in February, 1913, the ratification of the Sixteenth Amendment to the United States Constitution: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."In the first year after ratification of the Sixteenth Amendment, no taxes were collected-instead, taxpayers simply completed the form and the IRS checked it for accuracy. The IRS's workload jumped by ten-fold, triggering a massive restructuring. Professional tax collectors began to replace a system of "patronage" appointments. The IRS doubled its staff, but was still processing 1917 returns in 1919.The 1980s saw a reorganization of the IRS. A bipartisan commission was created with several mandates, among them to increase customer service and improve collections. Congress later enacted the Internal Revenue Service Restructuring and Reform Act of 1998. As a result of that Act, the IRS now functions under four major operating divisions: Large Business and International division (LB&I), the Small Business/Self-Employed (SB/SE) division, the Wage and Investment (W&I) division, and Tax Exempt & Government Entities (TE/GE) division. Effective October 1, 2010, the name of the Large and Mid-Size Business division changed to the Large Business & International (LB&I) division.


Related questions

What is the successor of predecessor of 5679?

5679 successor


What is the opposite of successor?

predecessor


What is meant by the terms predecessor event and successor event?

predecessor


What is the difference between predecessor and successor when drawing activity on arrow in it project management?

Successor is the number that comes just after a particular number is called its successor.Ex: Successor of 823 is 824 , Successor of 3424 is 3425Predecessor is the number that comes just before a particular number is called its predecessor.Ex: 999 is the predecessor of 1000, 2367 is the predecessor of 2368Some more Example on Successor areSuccessor of 589 is 5903724 is 37255099 is 51007009 is 70104836 is 48376149 is 6150Some more examples on predecessor are495 is predecessor of 496999 is predecessor of 10007054 is predecessor of 70556825 is predecessor of 68263209 is predecessor of 32109998 is predecessor of 9999


Who was babur's predecessor and successor?

Ibrahim Lodi-predecessorHumayun-successor


What is the opposite word of 'predecessor'?

Successor.


Who was w churchill's predecessor and successor?

Attlee


What is the antynom of predecessor?

Successor: The predecessor 'precedes' (or comes before) something; the successor 'succeeds' (or follows) something. Think about the monarchy of a country, or the letters of the alphabet.


Who was Akbar's successor and predecessor?

Emperor Akbar's successor was his eldest son Jahangir (1605-1626). Akbar's predecessor was Humayun (1530-1540 & 1555-1556), his father.


What is Product of successor of 999 and predecessor of 1001?

Don't know


What is the predecessor of 0.32?

That doesn't make sense. "Predecessor" and "successor" are defined for whole numbers, not for decimal numbers.


Who will be Queen Elizabeth's predecessor when she dies?

If you mean "successor", it will be Prince Charles.