January 24, 2021
Control of the Auditor-Partner
The lead auditor has the right to sign the audit report and bears full responsibility for conducting the audit. The lead auditor is required to instruct auditors and assistant auditors about their responsibilities and the objectives of the procedures they are to perform, the activities of the entity being audited, and potential accounting issues that may affect the essence, timing, and scope of the audit procedures. The lead auditor must continuously be involved in the audit process...