Financial Accounting Blog

Wednesday, September 01, 2004

Auditor Rotation. This is an interesting article on whether Italy's required auditor rotation helped to uncover the Parmalat fraud. Interestingly the rotation rule only required that Deloitte take over the Italian part of the company which left Grant Thornton to continue auditing other areas. Guess where the problems were?

Another good article on this issue of divided responsibilities here.