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Cooling-off periods for engagement partner and key audit partner

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › Cooling-off periods for engagement partner and key audit partner

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  • February 17, 2025 at 11:14 pm #715464
    pabwea@gmail.com
    Participant
    • Topics: 3
    • Replies: 4
    • ☆

    Hello!

    I have stumbled upon conflicting information on the cooling-off periods for an engagement partner. One source says two years and another says five.

    What is the current cooling-off periods for engagement partner and key audit partner?

    February 18, 2025 at 3:22 am #715466
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    I believe it is five years and two years respectively.

    February 18, 2025 at 3:22 am #715467
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    Please see the following link-

    https://opentuition.com/topic/cooling-off-period-listed-companies-engagement-partner-vs-key-audit-partner/

    February 18, 2025 at 3:23 am #715468
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    These limits apply with respect to audits of public interest entities.

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