Does the rotation of auditors improve the quality of auditing?

Does the rotation of auditors improve the quality of auditing? Essay example
Finance & Accounting
Pages 8 (2008 words)
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Does The Rotation Of Auditors Improve The Quality Of Auditing? Table of Contents Introduction 3 Discussing the Principle Need for Rotation of Auditors 4 Impact on Auditor’s Independence 4 Mitigation of Conflict of Interests 4 Eradicating Chances for Unconscious Intrusion of Bias 5 Evaluating the Effects of Rotation on Audit Quality 6 Advantages 6 Disadvantages 8 Conclusion 9 References 11 Introduction Prior to determining whether the rotation of auditors play an imperative role in enhancing the quality of audited financial reports, it is quite indispensable to acquire a brief understanding about the aspect of auditing.


It is worth mentioning that the role of audit rotation in improving the standards and the efficiencies of audit is duly considered as one of the major determinants of audit quality. It is strongly believed that longer tenure of an auditor links with lower quality of audit and in this context, it can be affirmed that the rotation of auditors require to be taken into concern in order to enhance audit quality on the whole. In this present day context, misrepresentations and frauds have emerged considerably that eventually imposes extensive impacts upon audit quality. The misrepresentations along with the frauds have been arguably caused owing to the augmenting interests of the stakeholders and also the owners belonging to various business organisations. ...
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