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Hello
I am aware that for listed entities after 7 years the engagement partner has to take a 2 year cool off and not have anything to do with the engagement. If the entity was not listed could that partner be the engag qual control reviewer?
Do you mean a listed entity or a public entity (not all public entities are listed on a stock exchange)?
Of course, if it’s a private entity then there’s no requirement for an audit
If you meant an unlisted public entity then I’m not sure that there is a specific rule about the role of the former engagement partner but, in keeping with the spirit of the listed entity rule, I imagine that that engagement partner should not be involved in any way with that client
There is also the Corporate Governance Code requirement that listed entities should rotate their auditors on a regular basis so the 7 year rotation rule is no longer quite so applicable
Dies that answer you?
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