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Auditor Rotation

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'Audit Business Set To Change'

The Companies Bill, 2012 will change how large audit firms work.
Companies that are married to their auditors

Those for rotation cite auditor's incentive to cosy up to the management, who pay their fees, is reduced once they know they will be replaced. Its opponents argue that today‘s corporations are very complex, and an auditor must develop industry and company specific knowledge to fully understand the company's finances.

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