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Audit committees want five-year rotation extended

The majority of audit committees in the UK want to extend the five-year rotation period for their lead audit partner, according to a survey by the Institute of Chartered Accountants in England and Wales (ICAEW).

The ICAEW survey found that 78% of respondents wanted their lead audit partner to stay for longer, or to at least have the flexibility for this to be an option.

... Full story

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