Mandatory Auditor Rotation Is Designed To Address A Potential Conflict Of Interest Between A Public Company And Its Auditor. Because An Auditor Is Hired And Paid By The Public Company It Audits, The Auditor's Desire To Maintain A Good Relationship With Its Client Could Conflict With Its Duty To Rigorously Question The Client's Financial Statements.
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Mandatory Auditor Rotation Is Designed To Address
Robert Pozen
Mandatory Auditor Rotation Is Designed To Address A Potential Conflict Of Interest Between A Public Company And Its Auditor. Because An Auditor Is Hired And Paid By The Public Company It Audits, The Auditor's Desire To Maintain A Good Relationship With Its Client Could Conflict With Its Duty To Rigorously Question The Client's Financial Statements.
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