Sentence examples for mandatory rotations of from inspiring English sources

Similarly, he said that mandatory rotations of accounting firms "would be detrimental".

Another idea is the mandatory rotation of audit firms.

"What you're seeing is probably a strong call for why you have mandatory rotation of auditors," he said.

Separation of audit and consulting, mandatory rotation of audit firms, tougher enforcement and regulating the full range of consumer and business accounting services are some of the reforms New York can and must undertake.

Mr Cox of Duke University suggests two possibilities: mandatory rotation of entire audits rather than the more limited rotation just of individual partners as is now required in America; and sharp limits on the provision of non-audit services.

The elements of a minimum reform ought to be: prohibition of non-audit work for audit clients; mandatory rotation of auditors; and the creation of an official oversight body.

Moreover, the new rules fall short in a number of areas: for instance, a mandatory rotation of auditors would have guaranteed a change in oversight.Stricter enforcement may compensate for such shortcomings.

The leaked document suggests that he thinks the industry is overdue for reform from top to bottom.The proposal for mandatory rotation of audit firms has been floating around for the better part of a year.

To prevent additional cases like Satyam — where Indian auditors failed to notice discrepancies despite auditing the company for years — the measure calls for the mandatory rotation of auditors and their firms.

The combined impact of lawsuits, regulatory investigations and public opinion appears to make change inevitable, and Wall Street wants to help shape it.The Sarbanes bill looks to be what is needed though it could usefully include among its provisions the mandatory rotation of auditors.

So do rules to stop accounting firms doing consulting work for audit clients; and it is also worth considering mandatory rotation of auditors (Deloitte had audited Ahold for 15 years).The case for independent regulation is the stronger because European Union companies are due to adopt international accounting standards by 2005.