Engagement
Partner Responsibilities
Engagement partner is an individual
of audit firm, who is responsible for performance of audit. Engagement partner exercises
authority over the audit performance. Engagement partner is basically a controlling
authority of audit and responsible for overall audit engagement.
1. Audit Planning
Engagement partner is responsible for planning of
audit. Audit planning is an extensive and important process. Successful audit
planning is required for smooth and timely completion of audit.
2. Performance of Audit
He is responsible to conduct the audit and exercise the
authority during the audit. Engagement partner ensures required audit documentation,
audit procedures, communication, and other task related with the performance of
audit.
3. Compliance of regulator requirement
Engagement partner is also responsible for
ensuring the compliance with regulatory and professional requirement during the
conduct of audit.
4. Appropriate Opinion
Engagement partner ensures that audit opinion is appropriate
in the circumstances.
