Robert Pozen - Mandatory auditor rotation is designed to address a potential conflict of i

Mandatory auditor rotation is designed to address a potential conflict of interest between a public company and its auditor. Because an auditor is hired and paid by the public company it audits, the auditor's desire to maintain a good relationship with its client could conflict with its duty to rigorously question the client's financial statements.

- Robert Pozen

source: "An Intermediate Approach to the Auditor Rotation Issue" by Robert Pozen, www.huffingtonpost.com. April 9, 2012.