- This topic has 3 replies, 2 voices, and was last updated 10 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Mandatory Rotation of Audit Firms
Hi,
Pls what are the adv. and downsides of mandatory rotation of Audit firms
Thanks and Regards
Advantages – reduces familiarity, increases objectivity, improves competition, brings fresh eyes
Disadvantages – cost, learning curve, inefficiency of first (and possibly second) audit, repetition of same old questions but by different people, not familiar with sensitive areas deserving of special attention
Enough?
Sure
You’re welcome