Regulatory responses to auditor independence dilemmas - who takes the stronger line?

摘要: A key part of corporate governance reforms in Australia, as represented by CLERP 9, addresses concerns over the audit function and role independent auditors monitoring managers providing useful information to stakeholders about financial position company. In comparing regulatory responses auditor independence dilemmas, there have been claims that 9 is less ‘stringent’ than imposed Sarbanes Oxley Act US. This paper looks at three particular situations subject recent reform strengthen independence: mandatory rotation auditors, recruitment former board members, and provision non-audit services clients. each case, we compare similarities differences response between Australia US, distil efficacy approach.