Mandatory Rotation of Audit FirmsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Mandatory Rotation of Audit FirmsThis topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts June 1, 2014 at 10:52 am #172309 abed4219MemberTopics: 2Replies: 12☆Hi,Pls what are the adv. and downsides of mandatory rotation of Audit firmsThanks and Regards June 1, 2014 at 5:54 pm #172418 MikeLittleKeymasterTopics: 27Replies: 23200☆☆☆☆☆Advantages – reduces familiarity, increases objectivity, improves competition, brings fresh eyesDisadvantages – 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 attentionEnough? June 2, 2014 at 8:17 am #172544 abed4219MemberTopics: 2Replies: 12☆Sure June 2, 2014 at 5:12 pm #172861 MikeLittleKeymasterTopics: 27Replies: 23200☆☆☆☆☆You’re welcomeAuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In