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SOX requires mandatory rotation of the lead engagement partner every 5 years. Some propose that...

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Accounting

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SOX requires mandatory rotation of the lead engagement partner every 5 years. Some propose that there should be a periodic auditing firm rotation to strengthen auditor independence and objectivity. What are your thoughts on requiring mandatory audit firm rotation Question b In this course we have come across different "Codes of Conduct" (ethics, profession, etc.). Do you think these codes should detail specific rules that need to be followed in different situations (rules based)? Or do you think these codes should focus on broad based principles that guide behavior (principles based). Question c Do you believe a company's internal audit team and activity can be independent of the company to which they serve

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