The familiarity threat is the most relevant issue for mandatory partner or audit firm rotation.

Question

Quizplus · Accepted Answer

The familiarity threat arises when the auditor becomes too familiar with the client, leading to a loss of independence and objectivity. Mandatory partner or audit firm rotation can help mitigate this threat by introducing fresh perspectives and reducing the opportunity for long-term relationships to develop. Therefore, it is the most relevant issue for mandatory rotation.

The Familiarity Threat Is the Most Relevant Issue for Mandatory