Choice "A" is correct. Before reissuing a compilation report, the predecessor accountant is required to read the financial statements of the current period and the successor's report. The predecessor accountant is also required to compare the prior year's financial statements with those of the current year before reissuing a compilation report. Finally, the predecessor accountant is required to obtain a letter from the successor accountant that indicates whether the successor accountant is aware of any matter that might have a material effect on the financial statements, including disclosures, reported on by the predecessor accountant.
Choice "d" is incorrect. Making inquiries about actions taken at meetings of the board of directors during the current year is not a required procedure.
Choice "b" is incorrect. Verifying that the reissued report will not be used to obtain credit from financial institutions is not a required procedure.
Choice "c" is incorrect. Reviewing the successor accountant's workpapers for matters affecting the prior year is not a required procedure.