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The Battle Over Mandatory Audit Firm Rotation
Author(s) -
Edwards James B.
Publication year - 2014
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21948
Subject(s) - battle , audit , objectivity (philosophy) , auditor independence , accounting , quality audit , skepticism , independence (probability theory) , business , auditor's report , joint audit , internal audit , history , philosophy , mathematics , epistemology , statistics , archaeology
We look at the battle over moves to impose mandatory audit firm rotation in a bid to improve auditor independence and audit quality. And the author asks: Is a game of musical chairs the real answer to the issues relating to auditor independence, objectivity, and professional skepticism?