This session will cover the following: Introduction Overview of the webinar • Importance of addressing long association and partner rotation in the context of auditor independence and audit quality • Regulatory and Professional Standards • International Ethics Standards Board for Accountants (IESBA) Code of Ethics • International Standards on Auditing (ISA) requirements • South African regulatory requirements and professional standards on auditor independence and rotation • Long Association of Personnel • Definition and implications of long association • Risks to auditor independence and objectivity • Safeguards and strategies to mitigate risks • Case studies: real-world examples of long association issues • Partner Rotation • Regulatory requirements for audit partner rotation • Benefits and challenges of partner rotation • Key considerations in the rotation process • Best practices for a smooth transition • Monitoring and Compliance • Firm-level policies and procedures • Quality control and assurance processes • Role of audit committees and governance structures • Consequences of non-compliance with rotation requirements • Conclusion and Q&A • Recap of key points • Open discussion and addressing participant questions • Resources for further learning

This webinar is designed for a wide range of professionals within the accounting and auditing fields, including: • Auditors and audit staff • Partners and managers in audit firms • Members of audit committees and corporate governance bodies • Financial controllers and reporting managers • Compliance officers and risk managers • Accounting and finance professionals seeking to enhance their knowledge of auditor independence requirements By attending this insightful webinar, participants will gain valuable knowledge and practical guidance on managing long association and partner rotation in their professional practice, ultimately contributing to enhanced audit quality and independence.