Directions And Review

Question 1

Direction, review and supervision

Answer 1

Here’s a simplified summary:

Engagement Partner’s Responsibilities
1. Direct and supervise the engagement team and review their work.
2. Plan and perform direction, supervision, and review based on the audit’s nature and circumstances.
3. Review audit documentation at key points during the audit.
4. Ensure sufficient audit evidence is obtained to support conclusions and the auditor’s report.
5. Review financial statements and the auditor’s report before issuing the report.
6. Review formal written communications to management, governance, or regulatory authorities before issuance.