Lesson: Group Engagement Partner

This lesson discusses the role and responsibilities of a group engagement partner in an audit. The group engagement partner is described as a senior level auditor who oversees the audit team, providing guidance and direction and ensuring compliance with all professional standards. The lesson also describes the relationship and division of responsibilities between the group engagement partner and component auditors, who audit specific parts of the business. The inclusion of a reference to a component auditor in the report is based on the materiality of their portion of the financial statement, and the reference serves to divide responsibility between auditors, regardless of the opinion expressed.