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October 23, 2011

UK CFO’s favour auditor rotation

UK chief financial officers (CFO) are supportive of auditor rotation, according to a research by recruitment consultants Robert Half.

Robert Half said 87% of UK CFO’s are supportive of rotation, a measure proposed in the European Commissions Audit Green Paper last year.

More than half (51%) of CFOs in favour of the measure would like to see it happen every five years or more and 33% every 3 years.

The survey also found 7 in 10 CFOs reject the suggestion that the Big Four prevent a competitive market.

Robert Half interviewed 200 UK CFOs for this survey.

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