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Hierarchy

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Hierarchy

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 18, 2019 at 12:42 pm #513387
    michaelsamiotis
    Participant
    • Topics: 47
    • Replies: 27
    • ☆☆

    Hello sir,
    from what I have read till now, the hierarchy in an audit engagement is:
    Audit partner
    Audit manager
    Audit supervisor
    Junior auditors
    Is that correct, please?
    When we say audit partner we mean that the audit firm is a partnership and the partner is one of the owners? And finally, what is the difference between the audit manager and the audit supervisor? What they are responsible for? Thank you very much.

    April 18, 2019 at 4:06 pm #513415
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8304
    • ☆☆☆☆☆

    Yes that is hierarchy but apart from partner not all levels need make up an audit team, it depends on specific client.

    Yes partner will be salaried and/or have profit share.

    Labels aren’t important.

    April 18, 2019 at 11:00 pm #513448
    michaelsamiotis
    Participant
    • Topics: 47
    • Replies: 27
    • ☆☆

    Thank you, sir.

    April 19, 2019 at 7:37 am #513480
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8304
    • ☆☆☆☆☆

    You’re welcome!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Hierarchy’ is closed to new replies.

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