Rotate to Stay Fresh

BY FRANK THOMAS MURPHY

There has been much debate recently about rotating auditors to give “fresh looks” a chance.

As a guide the SEC requires companies to publish three years’ worth of statements of income and expense and cash flows.

I suggest three-year audit engagements may be in order to comply with the “fresh look” theory.

Frank Thomas Murphy, CPA
Glendale, California

SPONSORED VIDEO

How KPMG is innovating the audit

KPMG's global audit team is using cognitive technology and alliances with tech and university partners to drive audit innovation. See how.

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.