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Sir, The audit engagement partner should be rotated after 5 years or 7 years?
Sorry, it is seven for a public interest entity (per IESBA Handbook 290.149). No mention of a maximum time for non-public interest.
The 5 years comes form the UK Audit Practices Board Ethical Standard 3; the APB suggests care is needed for other clients after 10 years.
I would stick to 7 years and IESBA – simpler and more relevant to the single-stream F8 paper
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