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FRC Ethical Standard: Key partners and partner rotation

The FRC Ethical Standard (2016) (ES) refers to different categories of partner, resulting in different rotation requirements on PIE and other listed audits. What rotation applies to what category and when?

Issued: February 2017
Last updated: February 2017

The ES has different rotation requirements on PIE and other listed audits, for engagement partners (EPs), Engagement Quality Control Reviewers (EQCRs), Key Audit Partners (KAPs) and Key Partners Involved in the Engagement (KPIEs). Who fits into what category and what are the rotation requirements?