United States:
House Passes Mandatory Auditor Rotation Ban
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On July 8, 2013, 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.
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