Key audit partner
A key audit partner includes the engagement partner, the individual responsible for the engagement quality review, and other audit partners on the engagement team who make key decisions or judgements on significant matters, as defined by the applicable ethics code. Roles and rotation requirements must be assessed under the relevant edition.
Worked example
A partner responsible for a significant subsidiary audit makes key judgements on major group audit matters; the firm considers whether that person is a key audit partner.
Common mistake
Do not equate the key audit partner category solely with the lead engagement partner.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |