Mandatory Rotation of external Auditors and its impact on the quality of the audit from the perspective of the entities under generally accepted auditing standards

Abstract

This study aims to identify the impact of the mandatory rotation of external auditors on the quality of audit, from the point of view of the banks under generally accepted auditing standards operating in Yemen. To achieve the objective of the study, a questionnaire was designed and distributed to the employees of the banks under study during the period between January and april 2018. For the purpose of analyzing questionnaire data and testing hypotheses, SPSS was employed. The study found a significance relationship between the mandatory rotation of external auditors and the quality of the audit, from the point of view of respondents in banks operating in Yemen.