What are the possible implications of mandatory audit firm rotation on specified audit quality dimensions?
Date
2017
Authors
Ndaba, Harina
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Abstract
Presently, there is no research dealing with the impact which MAFR will have on the South African audit profession. This research takes the first step to address this topic. It examines the possible implications of MAFR on specified audit quality dimensions with the aim of adding to the ongoing debate on this material policy decision. The early findings from 32 interviews conducted with those who are directly involved with audit and have been contributing to the development of audit practice in South Africa indicates that Mandatory Audit Firm Rotation will have more negative than positive implications on specified audit quality dimensions. This research makes a valuable theoretical contribution because it provides the first-hand account of the technical changes taking place at the firm level in response to a regulatory development. Concomitantly, it responds to the call for additional research on the nature of audit quality and the role of external regulation in driving higher levels of quality.
Description
A dissertation submitted in partial fulfilment of the requirements for the degree of Master of Commerce (Accounting) to the Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, 2017
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Citation
Ndaba, Harina Mafasi (2017) What are the possible implications of mandatory audit firm rotation on specified audit quality dimensions? University of the Witwatersrand, Johannesburg, <http://hdl.handle.net/10539/26709>