Issued by the Auditing Standards Executive Committee
American Institute of
Certified Public Accountants
Communications Between Predecessor
and Successor Auditors
( Supersedes Statement on Auditing Standards No. 1,
1. The purpose of this Statement is to provide guidance on communications
between predecessor and successor auditors when a
change of auditors has taken place or is in process. The term " predecessor
auditor" refers to an auditor who has resigned or who has been
notified that his services have been terminated. The term " successor
auditor" refers to an auditor who has accepted an engagement or an
auditor who has been invited to make a proposal for an engagement.
This Statement applies whenever an independent auditor has been
retained, or is to be retained, to make an examination of financial
statements in accordance with generally accepted auditing standards.
2. The initiative in communicating rests with the successor auditor.
The communication may be either written or oral. Both the predecessor
and successor auditors should hold in confidence information
obtained from each other. This obligation applies whether or not the
successor accepts the engagement.
3. Prior to acceptance of the engagement, the successor auditor
should attempt certain communications that are described in paragraphs
4 through 7. Other communications between the successor
Copyright © 1975 by the
American Institute of Certified Public Accountants, Inc.
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