What is the role of a concurring partner in an audit engagement?
A)to provide a "fresh",quality review of the audit documentation and conclusions and its relationship to the opinion.
B)to go back over the staff,senior and manager work and redo the more difficult areas of the audit.
C)to work as a liaison between the audit committee and the audit team should there be disagreements.
D)to act as an advocate of the client in order to ensure quality customer service has been given.

Question

Quizplus · Accepted Answer

The role of a concurring partner in an audit engagement is to provide a "fresh" quality review of the audit documentation and conclusions and its relationship to the opinion. This helps ensure that the audit was performed in accordance with professional standards and the opinion is appropriate. Option B is not correct as a concurring partner is not responsible for doing the work of lower levels of staff. Option C could be a role of the concurring partner, but not the main one. Option D is incorrect as the purpose of the audit is to provide an independent and objective review of the financial statements, and a concurring partner's role is to ensure the audit was performed in accordance with professional standards, not to act as an advocate for the client.

What Is the Role of a Concurring Partner in an Audit