- 1 Marks
Question
The responsibility for the conduct of the audit and expressing an opinion on the financial statements in a firm of Chartered Accountants rests with the……….
Answer
Engagement Partner
Explanation:
In an audit firm, the engagement partner holds the primary responsibility for overseeing the conduct of the audit and forming an opinion on the financial statements. This individual ensures that the audit is executed per professional standards and that the opinion expressed aligns with the audit findings, fulfilling the statutory duties of a chartered accountancy firm.
- Topic: Audit Reporting
- Series: NOV 2011
- Uploader: Dotse