Thursday, June 20, 2013

House bill to prohibit mandatory rotation of auditors

PCAOB proposed mandatory rotation; many opposed it as noted with comment letters.   http://www.reuters.com/article/2013/06/19/us-house-sec-bills-idUSBRE95I1NS20130619

The AICPA, not surprisingly,  had a letter also in suppport of the bill and in opposition to mandatory rotation. http://www.aicpa.org/Advocacy/Issues/DownloadableDocuments/2013-6-17-MFR-Letter.pdf

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