Joint audit
A joint audit is an audit engagement in which two or more audit firms are appointed to carry out the audit and issue a report under applicable law and standards. Arrangements for work allocation, coordination, reporting and responsibility depend on the jurisdiction.
Worked example
Two firms agree the allocation of group components and coordinate their findings before signing a joint report.
Common mistake
Do not assume a component auditor automatically becomes a joint auditor or that all legal arrangements are identical internationally.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |