When the continuing auditor intends to use
information about the entity and its
environment obtained in prior periods, the
auditor should
a. Assess control risk as "high" for the
assertions affected by the prior-period
information.
b. Seek permission with the client in using
the prior period information obtained by
the auditor.
c. Determine whether changes have
occurred that may affect the
relevance of such information in the
current audit.
d. Determine whether to equitably reduce
the audit fee due to lower audit effort
expended during the engagement
information about the entity and its
environment obtained in prior periods, the
auditor should
a. Assess control risk as "high" for the
assertions affected by the prior-period
information.
b. Seek permission with the client in using
the prior period information obtained by
the auditor.
c. Determine whether changes have
occurred that may affect the
relevance of such information in the
current audit.
d. Determine whether to equitably reduce
the audit fee due to lower audit effort
expended during the engagement