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Proposed Statement On Standards For Accounting And Review Services : Communications Between Predecessor And Successor Accountants;Communications Between Predecessor And Successor Accountants; Exposure Draft (American Institute Of Certified Public Accountants), 1981, Jan. 23, American Institute Of Certified Public Accountants. Accounting And Review Services Committee
Proposed Statement On Standards For Accounting And Review Services : Communications Between Predecessor And Successor Accountants;Communications Between Predecessor And Successor Accountants; Exposure Draft (American Institute Of Certified Public Accountants), 1981, Jan. 23, American Institute Of Certified Public Accountants. Accounting And Review Services Committee
Statements of Position
This proposed statement amends SSARS 2, by deleting footnote 8 in paragraph 16 of that statement. This proposed statement would not change the basic position of SSARS 2 that a successor accountant is not required to communicate with a predecessor in connection with acceptance of an engagement to compile or review the financial statements of a nonpublic entity. This proposed statement requires the predecessor accountant to respond promptly and fully to such inquiries in ordinary circumstances.