@article{2015,title={THE IMPLEMENTATION OF ROTATION IN EXTERNAL AUDITING: DEBATES OVER PROS AND CONS OF THE SYSTEM},abstractNode={Corporate scandals in the last era led researchers to question the quality of audit and auditor’s independence. As a result, low audit quality and the lack of auditor independence have been suggested as the main underlying reasons. As a potential remedy, mandatory rotation, either at audit partner level or audit firm level, has been proposed in order to protect the users of audited financial statements in financial markets. The aim of this study is to investigate the issue of mandatory rotation within the framework of national and international regulations, in light of the New Turkish Commercial Code in Turkey and the decisions of the European Parliament in the European Union, as well as to review the pros and cons associated with mandatory rotation in the literature. The findings of prior research suggest that mandatory rotation strengthens the independence of the auditor. However, it also increases audit costs for both audit firms and audited companies. Yet, prior research does not p},author={Koray TUAN},year={2015},journal={The Journal of Academic Social Science}}