MANDATORY ROTATION OF AUDITORS
This is the first 1,000 characters of 2307 words (9.23 pages) in the essay titled MANDATORY ROTATION OF AUDITORS
|MANDATORY ROTATION OF AUDITORS
In light of a number of high-profile corporate failures during the first half of 2001, a number of studies have been performed to address the impact of mandatory rotation of audit firms to ensure the appropriate level of ‘independence’ of auditors. Majority of studies conclude that the detrimental effects of firm rotation on the quality of the audit work by far outweigh its positive 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 subjective than from impartial, third party studies. There are differing opinions, as some audit firms wish to preserve the client bases, while others welc...
To view the complete essay NOW:
You can view download the complete version of this essay for only $12.00. This is the final price of the essay - there is no extra hidden or fees and no price per page charges. Your purchase is 100% secure. Click on the Paypal icon below and you will have the essay instantaneously.