Auditor Rotation under Ghana’s New Companies Act, 2019 (Act 992)

The engagement of an auditor and his work generally has fundamentally inherent risks. These risks are well known within the accounting profession, and over the years accounting and audit regulatory bodies have explored mechanisms to mitigate these known risks. Auditor independence is at the heart of risk mitigation mechanisms, and one of the biggest threat to auditor independence is over-familiarity which can mostly be blamed on long term audit-client relationship.