Mandatory auditor rotation is designed to address ...

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

Mandatory auditor rotation is designed to address ... meanings

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Frequently Asked Questions (FAQ)

Who said "Mandatory auditor rotation is designed to address ... "?

"Mandatory auditor rotation is designed to address ... " is one of a famous quotes by Robert Pozen. Complete quote is as follows;
"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."

What is "Mandatory auditor rotation is designed to address ... "?

"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." This is a quote by Robert Pozen which is about . He is known to have been associated with numerous other thought provoking quotes on these topics like;

  • I felt a tremendous sadness for men who can't deal with a woman of their own age.
"

What does "Mandatory auditor rotation is designed to address ... " mean?

This quote is primarily about relationship although it also includes other themes like . It is attributed to Robert Pozen. Complete quote is as follows;
"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."