Prior to the end of an audit, the cfo of your client resigns

Reference no: EM13295701

Prior to the end of an audit, the CFO of your client resigns. Upon completion you obtain a management representation letter from the CEO and the controller. However, when you ask the former CFO to sign-off on the representation letter, he states "I'm no longer employed by that crazy company. Why should I take any responsibility for the financial statements?" When you press him on the issue, he refuses to say any more. However, the new CFO is willing to sign the representation letter. What action would you take, and are there any alternative solutions to this situation?

Reference no: EM13295701

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Prior to the end of an audit, the cfo of your client resigns : Prior to the end of an audit, the CFO of your client resigns.

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