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 number of studies oblige been performed to address the impact of mandatory rotation of analyse firms to ensure the appropriate level of liberty of auditors. Majority of studies cease that the detrimental effects of firm rotation on the timberland of the audit work by far outweigh its tyrannical effects as a safeguard against various independence 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 failure more likely. Many studies have involved practitioners opinions on this issue, which have been based on their experiences and is therefore necessarily more congenital than from impartial, third party studies. There are differing opinions, as many audit firms wish to preserve the client bases, while others welc...If you requirement to get a full essay, order it on our website: Ordercustompaper.com

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