MFDF - Mutual Fund Directors Forum - House Passes Measure to Prevent Mandatory Auditor Rotation test

Member Login



Request an account

Sample Banner 1

House Passes Measure to Prevent Mandatory Auditor Rotation

On July 8, the U.S. House of Representatives voted 321-62 on a measure to amend Sarbanes-Oxley Act to prohibit the Public Company Accounting Oversight Board from requiring companies to switch auditors. The PCAOB, which regulates auditors, has proposed auditor rotation since 2011 to ensure auditors’ impartiality. Proponents of the measure state that mandatory auditor rotation will raise audit costs without improving audit quality. It’s not clear if the U.S. Senate will take up the measure for a vote. To read the article, click here.

 

 
  • All
  • Accounting and Audit
  • Advisory Contracts
  • Board Governance
  • Board Governance: Board Leadership
  • Board Governance: Compensation
  • Board Governance: Oversight of CCO
  • Board Governance: D&O Insurance
  • Board Governance: Self-Evaluation
  • Closed-end Funds
  • ETFs
  • Other Oversight
  • Other Oversight: Alternative Investments and Derivatives
  • Other Oversight: Custody
  • Other Oversight: Fixed Income funds
  • Other Oversight: Distribution
  • Other Oversight: Portfolio Trading
  • Other Oversight: Proxy Voting
  • Other Oversight: Securities Lending
  • Legislative News
  • Money Market Funds
  • Reference
  • Regulatory News
  • Risk
  • Shareholder Disclosure
  • Valuation
  • Webinars
  • Aaron New Tag

SHOWING 0 TO 0 OF 0 ENTRIES (FILTERED FROM 0 TOTAL ENTRIES)