April 2014

Auditors’ perceptions on impact of mandatory audit firm rotation on auditor independence –Evidence from Bahrain

The current study examined several issues regarding auditor independence from the perspective of an emerging market such as Bahrain. Factors affecting the ability of auditors to remain independent include long audit tenure, financial dependence on a single audit client, non-audit services provided to audit clients, ex-auditor employment with an audit client and the existence of audit committees. It is therefore timely...

Author(s): Kousay Said and Hussein Khasharmeh

April 2014

Rotation of independent auditors and analysis of their reports before and after rotation in Brazil

The aim of mandatory rotation of audit firms by public companies is to preserve the independence of the external auditor and reduce errors and fraud associated with the auditing of financial statements. Nevertheless requiring this rotation periodically is a controversial subject, since it involves the commercial and professional relationship of auditors with their clients and the market for auditing. This study focuses...

Author(s): Lopo Martinez Antonio and Aldecir Bassetti