A concurring partner review (engagement quality review)is required at the end of every audit of public companies.

Question

Quizplus · Accepted Answer

A concurring partner review (also known as an engagement quality review) is required at the end of every audit of public companies to ensure that the audit was conducted in accordance with auditing standards and to provide an additional level of quality control. The review is conducted by a second partner who was not involved in the audit. Therefore, the statement is true.

A Concurring Partner Review (Engagement Quality Review)is Required at the End