How to prevent FRAUD/Accounting scandals in public companies

Discuss what has not been (or cannot be) done to reduce the likelihood that the situations that occurred in the cases occur again.

Although the partner rotation has been implemented, I think firm rotation would be more effective, which has not been done. Countries like Brazil, Iceland,

Italy, Peru, and Spain have implemented the firm rotation. I think this would reduce the likelihood of a situation like the case to occur again, because there

will not be a mentality of “keeping a client at all cost” – as seen in most of the cases. Auditors will not be afraid to be speak up and will not be afraid to

ask questions. In addition, it reduces the likelihood of a firm being “too comfortable” with a client that skepticism is diminished.

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