Campus Only Senior Thesis
Bachelor of Arts
© 2012 Jamie J. Kim
The accounting profession, particularly the public company auditing profession, has experienced a drastic transformation over the last decade. Following a series of costly accounting scandals that tarnished the profession’s credibility, Congress passed the Sarbanes-Oxley Act of 2002 (SOX) for more rigorous regulation of public companies and public accounting firms. The new policy changed audit interactions with clients and included a mandate for the periodic rotation of audit partners on audit engagements to increase auditor independence. Currently being debated are further changes that may lead to additional restrictions and more work for auditors and their clients. This thesis explores the issue of auditor independence in the audit process and examines whether the periodic rotation of audit firms should be mandated in the U.S.
Kim, Jamie J., "Should Mandatory Audit Firm Rotation Be Implemented?" (2012). CMC Senior Theses. 367.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.