Page 89 - AAA Integrated Workbook STUDENT S18-J19
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Practice management
After acceptance
7.1 New firm
The new firm should ensure:
the outgoing auditor has vacated office in a correct manner
they have been properly appointed as the incoming auditor in accordance with
relevant local legislation.
7.2 Outgoing firm – transfer of information
The outgoing firm:
Must return all books and papers to the client.
Must provide the new firm with all reasonable transfer information (latest
approved accounts and detailed trial balance).
May provide any further information to the new firm for a reasonable charge.
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