[aaykarbhavan] UK AUDIT WORK REQUIRES BIDDING EVERY 10 YEARS

September 28, 2012 One of Britain's top corporate regulatators is requiring the country's 350 largest publicly traded companies to put their auditing work out to bid once every 10 years—one stop short of mandatory audit firm rotation, but still one of the biggest jolts to the auditing business there in years. The new code goes into effect Oct. 1

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