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Audit manger vs audit partner

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Audit manger vs audit partner

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • September 6, 2015 at 3:31 pm #270088
    ysw91
    Member
    • Topics: 13
    • Replies: 8
    • ☆

    Hi..

    What is the difference between audit engagement partner and audit manager?

    September 6, 2015 at 6:04 pm #270116
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    The buck stops with the partner

    The man(a)ger has responsibility delegated to him / her by the partner. Dependent upon the size and resources of the audit firm, it’s unlikely that the partner will get their “hands dirty” and, if it’s a Big 4 firm, it’s unlikely that the man(a)ger will get their hands dirty either.

    If it’s a “small” firm, it could well be that the partner is closely and actively involved in the day-to-day conduct of the audit

    What’s in a name?

    In general, the partner is more senior in the firm hierarchy that the manager

    September 7, 2015 at 3:07 am #270140
    ysw91
    Member
    • Topics: 13
    • Replies: 8
    • ☆

    Thx?
    Can u help me with another question on dec2007 5a, the accounting treatment for ifrs5 is it the same now?

    September 7, 2015 at 4:13 pm #270240
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    Why would it be different?

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