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Hi,
Is there somewhere a clear explanation or definition of:
– a Key Audit Partner
– and an Audit Engagement PartnerI’d like to know what is referred to behind these two terms.
Thank you
Kay
Definition from ACCA Code of Ethics and Conduct (available here https://www.accaglobal.com/gb/en/about-us/regulation/rulebook.html )
“The [AUDIT] engagement partner, the individual responsible for the engagement quality
control review, and other audit partners, if any, on the engagement team who make
key decisions or judgements on significant matters with respect to the audit of the
financial statements on which the firm will express an opinion. Depending upon the
circumstances and the role of the individuals on the audit, “other audit partners” may
include, for example, audit partners responsible for significant subsidiaries or divisions.”My word added in [ ].
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