Submission on Long Association of Personnel with an Audit Client

type
Submission
author
By Institute of Directors
date
1 Nov 2014
read time
4 min to read

The IoD recognised the importance of auditor rotation and supported a focus on the role of director's audit committees in maintaining audit quality.

The impact of increasing a two year cooling off period to five years could compromise audit quality, and the IoD but supported maintaining the current stand down period in line with the Auditor-General's standards.