MANDATORY ROTATION OF AUDITORS

MANDATORY ROTATION OF AUDITORS Abstract In light of a get of high-profile corporate harms during the first half of 2001, a add up of studies oblige been performed to address the impact of mandatory rotation of read firms to ensure the appropriate level of liberty of auditors. Majority of studies finish that the detrimental effects of firm rotation on the woodland of the audit work by far outweigh its unconditional effects as a safeguard against various freedom and quality threats.

Frequent changes of audit firms, whether resulting from mandatory rotation or otherwise, introduce threats to independence and operational difficulties that make audit harm more likely. M any studies switch involved practitioners opinions on this issue, which have been based on their experiences and is therefore necessarily more natural than from impartial, third party studies. There are differing opinions, as more audit firms wish to preserve the client bases, while others welc...If you necessary to get a full essay, order it on our website: OrderEssay.net

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