Discuss the above debate and evaluate the suggestions provided for and against mandatory audit firm rotation in reducing
threats to auditor independence. In your report, you should be able to:
1. From an ethical point of view, comprehensively describe and explain the debate (or dilemma) above and its implicationsfor auditors’ independence and the impact on the credibility and reliability of financial reporting.
2. Determine the various stakeholders who may be affected by the debate (or dilemma) above.
3. Suggest/offer courses of actions or effective ways to reinforce auditor independence, objectivity and
professionalism together with a comprehensive analysis of the several impacts on the various parties
involved.
4. Suggest and select the most appropriate course of action and provide valid conclusions to your discussion.

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Posted on May 5, 2016Author TutorCategories Question, Questions