Mandatory auditor rotation is designed to address a potential conflict of interest between a public company and its auditor. Because an auditor is hired and paid by the public company it audits, the auditor's desire to maintain a good relationship with its client could conflict with its duty to rigorously question the client's financial statements.
Robert Pozen
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When I got my first television set, I stopped caring so much about having close relationships. -
Mine is just a simple old human story - of one person trying, with great rigor and discipline, to comprehend her personal relationship with divinity. -
I feel that my relationship with Kasparov now is much the same as it had been before the match - good. As for his reaction, well it can't be nice to lose your title after so long, but he was very generous. -
I'm a real relationship person - contrary to public perception. I'm either in one or I'm not. -
I've written a few songs that have to do with being in a relationship, the bad and the good.
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- Mandatory auditor rotation is designed to address a potential conflict of interest between a public company and its auditor. Because an auditor is hired and paid by the public company it audits, the auditor's desire to maintain a good relationship with its client could conflict with its duty to rigorously question the client's financial statements.