There are changes to the length of time an engagement partner can be involved with a single audit. In future when an engagement partner rotates off an engagement after five years, they will not be allowed to extend for an additional period of two years. They will still be able to rotate back to the client as engagement partner after a five-year break.

It also clarifies rotation periods for key audit partners in senior positions, clarifying that key partners involved in the engagement will be able to work on a public interest entity audit for up to seven years, then step back for two years, while the key audit partner will be five years on, five years off.