Auditing - What is the Role of Audit Team Members

The video explains the roles and responsibilities of various members of an audit team, including the staff auditor, senior staff auditor, audit manager, engagement partner, engagement quality reviewer, and specialists. Each role has specific duties, from performing fieldwork and testing to reviewing documentation and ensuring audit quality. Specialists provide expertise in areas outside the typical auditor's knowledge.

Who is primarily responsible for conducting fieldwork and testing procedures in an audit team?

• Audit Manager

• Engagement Partner

• Staff Auditor

• Senior Staff Auditor

What is the main role of the senior staff auditor?

• Performing all test work

• Ensuring audit quality

• Supervising and reviewing the staff auditor's work

• Directing the audit team

Which member of the audit team is ultimately responsible for the audit?

• Audit Manager

• Engagement Partner

• Staff Auditor

• Engagement Quality Reviewer

What is the primary focus of the engagement quality reviewer?

• Conducting fieldwork

• Ensuring audit quality and compliance with standards

• Supervising staff auditors

• Preparing financial statements

Who provides expertise in specialized subject matters during an audit?

• Staff Auditor

• Engagement Partner

• Audit Manager

• Specialists