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 piece of studies oblige been performed to address the impact of mandatory rotation of give out firms to ensure the appropriate level of liberty of auditors. Majority of studies cease that the detrimental effects of firm rotation on the wood of the audit work by far outweigh its bossy effects as a safeguard against various license 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 trial more likely. Many studies nourish involved practitioners opinions on this issue, which have been based on their experiences and is therefore necessarily more native than from impartial, third party studies. There are differing opinions, as numerous audit firms wish to preserve the client bases, while others welc...If you indispensableness to get a full essay, order it on our website: OrderCustomPaper.com

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