One of the authors, Mara Cameran of Bocconi University, found that mandatory rotation tends to worsen audit quality.

ECONOMIST: Auditor rotation

It would also be wise to introduce mandatory rotation of auditors after, say, five years, to stop auditor and client becoming too cosy.

ECONOMIST: Only if it is properly governed

Mandatory audit firm rotation is currently the subject again of proposals in the E.

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Mandatory audit firm rotation was an old tune sung again by the Public Company Accounting Oversight Board, the audit industry regulator, beginning in August of 2011.

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Ernst and Young's Hywel Ball added that they would co-operate fully with the inquiry but states that he did not believe that mandatory audit firm rotation was in the public interest.

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