Which responsibility does the engagement partner have in an audit?

The engagement partner plays a crucial role in an audit by taking responsibility for the overall planning of the audit process. This includes defining the audit strategy, understanding the client's business environment, assessing risks, and determining the nature, timing, and extent of audit procedures necessary to obtain sufficient appropriate evidence. This responsibility ensures that the audit is tailored to the specific circumstances of the entity being audited, enhancing the quality and effectiveness of the audit.

Additionally, planning involves coordinating the efforts of the audit team and ensuring that all relevant standards and regulations are followed throughout the audit process. It sets the foundation for the audit, guiding the execution of the work and facilitating effective communication among team members and with the client.

While conducting testing, managing tax compliance, and auditing non-financial statements are important tasks that may be part of the audit process, they are not primarily the responsibility of the engagement partner. Rather, these activities might be assigned to specific team members under the engagement partner's leadership and oversight.