Bill proposes 2-year limit for auditors at companies they audit

KPMG's Johannesburg offices. Picture: kpmg.co.za

It goes to the heart of auditor rotation… We only have a handful of big auditing firms…

Stephen Kennedy-Good, Norton Rose Fulbright

The Companies Amendment Bill proposes that the auditors’ five-year period at companies be reduced to two years.

This provision is designed to ensure that an auditor remains independent of the company she or he audits.

The Money Show’s Bruce Whitfield interviewed Stephen Kennedy-Good, Director and Corporate Lawyer at Norton Rose Fulbright.

Click or tap here for the key proposals.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

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This article first appeared on 702 : Bill proposes 2-year limit for auditors at companies they audit


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