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 identification number of studies oblige been performed to address the impact of mandatory rotation of meditate firms to ensure the appropriate level of liberty of auditors. Majority of studies throw in that the detrimental effects of firm rotation on the forest of the audit work by far outweigh its commanding effects as a safeguard against various license and quality threats.

Frequent changes of audit firms, whether resulting from mandatory rotation or otherwise, introdu ce threats to independence and operational difficulties that make audit disaster more likely. Many studies capture involved practitioners opinions on this issue, which have been based on their experiences and is therefore necessarily more immanent than from impartial, third party studies. There are differing opinions, as many another(prenominal) audit firms wish to preserve the client bases, while others welc...If you fate to get a full essay, order it on our website: OrderCustomPaper.com

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