The lead audit partner having primary responsibility for an audit and the partner responsible for reviewing the audit must rotate at least every 3 years.

Question

Quizplus · Accepted Answer

The lead audit partner and the partner responsible for reviewing the audit must rotate at least every 5 years, not 3 years, according to the rules set by the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC) in the United States.

The Lead Audit Partner Having Primary Responsibility for an Audit