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Sarbanes-Oxley News & Developments
Auditor Rotation in EuropeA similar requirement was excluded from SOX after vehement opposition.
> > One rule would require companies to rotate their audit firm or switch the audit partner in charge of their accounts. If this proposal is adopted, all listed companies in the European Union would either have to rotate their audit firm every seven years or change the senior partner in charge of the audit every five years. This should prevent the relationship between the audited and the auditor from being too cozy.
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Source: CFO
Published:2004-02-09
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