The Lead Audit Partner Having Primary Responsibility for an Audit

question 29

True/False

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.

---

Definitions:

Ladies Association

Women's groups, often historical, dedicated to philanthropy, social reform, or supporting a particular cause or community need through volunteerism and fundraising.

Esther Reed

An American Revolutionary War figure known for organizing women to provide support for soldiers, highlighting the role of women in the war effort.

Sarah Franklin Bache

An influential figure during the American Revolutionary War era, known for her charitable work and as the daughter of Benjamin Franklin.

Economic Independence

The condition where an individual possesses enough personal assets to sustain their lifestyle without the need for earning income through any type of job.