08-02-2003, 06:18 AM
I think mandatory rotation improves the quality of audit.
It also helps in improving quality competiton between audit firms and enhance independance of auditors.
Further, there will be chances for new and small firms to improve thier Clientele.
But in my point of view the rotation of partners of the firm cannot fulfill the objective of rotation. The rotation should be of audit firm but the least acceptable thing is the rotation of partners.
It also helps in improving quality competiton between audit firms and enhance independance of auditors.
Further, there will be chances for new and small firms to improve thier Clientele.
But in my point of view the rotation of partners of the firm cannot fulfill the objective of rotation. The rotation should be of audit firm but the least acceptable thing is the rotation of partners.
