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Audit Quality

An Intermediate Approach to the Auditor Rotation Issue

Robert Pozen | Posted 06.09.2012 | Business
Robert Pozen

Mandatory audit rotation as a blanket rule is probably not cost effective. Instead, the PCAOB should require the audit committee to issue a RFP for the auditor engagement every 15 years, but allow the existing auditor to participate in the bidding process.