The ACCA Learning Community
Home
Learning Channels

What is the difference between Audit partner, Engagement partner and Engagement review partner?

0 Votes
What is the difference between Audit partner, Engagement partner and Engagement review partner?

If anyone know this question's answer please help me for understanding. I have confusion about this.

November 29th 2018 AN ACCA USER

2 Replies

+1 Vote

“Engagement partner” is the technical term used (in ISAs) for the partner responsible for a particular engagement. In practice he may well be referred to as “the audit partner”.

“Audit partner” is a general term that might be used to distinguish a partner in a firm who is responsible for audit clients – as opposed to a “Tax partner”.

"Engagement quality control reviewer" is a partner in the firm (NOT the engagement partner) responsible for evaluating the significant judgments and conclusions of the engagement (e.g. audit) team.

November 29th 2018 AN ACCA USER
0 Votes

Thank you Kim Smith

November 30th 2018 AN ACCA USER
87 student(s) online now
...