Αποτελέσματα Αναζήτησης
A two-year cooling off period is required before an audit engagement partner can act as a reviewer for their former client. The reviewer must be competent and capable of performing the role including understanding the legal and professional framework, firm policies relevant to the engagement and have an appropriate knowledge of the client industry.
With regard to both, calculation of the maximum duration and cooling-off period, national competent authorities are encouraged to closely monitor compliance by auditors with the intention and spirit of the rotation and cooling-off requirements, within the boundaries set by national legislation.
1 Αυγ 2022 · This paper examines the association between the length of the cooling-off period and audit quality: (1) when partners rotate back and (2) during the cooling-off period, ahead of an extension to the minimum cooling-off period requirement in Australia.
Four-year cooling-off period is required. The requirement for ‘key audit partners’ to rotate after a maximum of seven years, followed by a three-year cooling-off period is retained under the new legislation; however, member states have an
It requires a one-year cooling-off period before public companies may hire former auditors from their current audit firm in senior-level accounting positions, assuming that the company wishes to retain the same audit firm.
Both committees would support a cooling-off period before a former engagement partner can serve as an engagement quality reviewer. However, we realize that the IAASB requires a two-year cooling-off period, so we would support a similar requirement.
17 Δεκ 2018 · We provide preliminary evidence that extending the cooling-off period does not enhance audit quality when a partner rotates-back on to a client and uncover an unintended consequence of the effect of this policy during the cooling-off period.
