GET THE APP

..

Journal of Global Economics

ISSN: 2375-4389

Open Access

The New European Audit Firm Rotation

Abstract

Patrick Velte

The European legislator has introduced a mandatory audit firm rotation principally after ten years and with regard to a cooling off period of four years to increase auditor independence. This kind of external rotation complements the existing internal mandatory rotation (auditor rotation). This paper implies a critical review of the economics need of rotation rules. In contrast to the perception of the European standard setter, mandatory external rotation will not automatically lead to an increased financial accounting and audit quality.

PDF

Share this article

Google Scholar citation report
Citations: 1931

Journal of Global Economics received 1931 citations as per Google Scholar report

Journal of Global Economics peer review process verified at publons

Indexed In

 
arrow_upward arrow_upward