1. Auditors, like a good set of car tires, need to be rotated every so often.

a. Under what circumstances, if any, must a lead audit partner be rotated?

1. b. Under what circumstances, if any, must a concurring audit partner be rotated?

c. Under what circumstances, if any, must an entire audit firm be rotated?

d. Should audit firms be allowed to continue as a clients auditor forever, or should audit firms rotate? Identify the pros and the cons.

Parts a, b and c are straightforward. Part d calls for discussion.