But accounting firms should be prohibited from offering their audit clients consulting services, including tax, legal and corporate finance advice, to prevent possible conflicts of interest, the study found.
The research, by Professor Maurizio Dallachio of the business school of Bocconi University in Milan, was carried out among Italian firms, which have been subject to auditor rotation since 1980.
The findings are likely to encourage the Big Four firms, who argue that mandatory rotation affects audit quality. Audit teams would take time to work up to full effectiveness and would lose interest as rotation date approached, the firms claim.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day