Αποτελέσματα Αναζήτησης
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.
30 Μαΐ 2022 · A cooling-off period aims to mitigate any possible self- review threat or objectivity threat that may result from previous decisions made by the auditor during his previous employment (acting as the engagement partner).
The reviewer needs to consider whether the audit team has applied appropriate professional scepticism. A two-year cooling off period is required before an audit engagement partner can act as a reviewer for their former client.
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.
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
We understand the need for a “cooling off” period for serving as EQR partner. However, the two-year requirement may be burdensome for smaller firms. If the “cooling off” period is retained, we would highly recommend a one-year period. that operate under all three sets of standards.
