House Passes Mandatory Auditor Rotation Ban

House Passes Mandatory Auditor Rotation Ban

Blog Focus on Accounting, Audit Committees and the Law

Yesterday, the full House of Representatives passed by a large, bipartisan margin the bill (previously reported on June 20) to prohibit the Public Company Accounting Oversight Board from requiring mandatory auditor rotation. The bill also would require the General Accounting Office to conduct another study of mandatory auditor rotation and to report to Congress within one year after enactment.