For audits of listed entities, the engagement partner must complete what before issuing the auditor's report?

In audits of listed entities, the engagement partner must complete an engagement quality control review before issuing the auditor's report. This review serves as an essential quality control mechanism to ensure that the audit was performed in accordance with applicable auditing standards and that any significant issues have been addressed appropriately.

The engagement quality control review involves a thorough evaluation of the audit work, including an assessment of the judgments made by the audit team and the appropriateness of the evidence obtained. This process helps to confirm that the audit conclusions are supported by the work performed and that the final report accurately reflects the audit findings. It includes evaluation of the auditor's understanding of the entity and its environment, including the internal controls, and assesses whether any significant risks have been effectively addressed.

By requiring this review, the standard aims to enhance the reliability and credibility of the audit report, which is crucial for stakeholders who rely on such reports for decision-making. This step ensures that the audit meets the necessary quality standards, thereby maintaining public trust in the financial reporting process of listed entities.