Audit and Accounting Assignment

2,500 words excluding references TASK: The FRC has recently launched an investigation into PWC’s work as auditor of the Berkely Group Holdings; while Deloitte was fined a record £14 million for its audit work with MG Rover. The EU is considering imposing mandatory auditor rotation to improve auditor independence and reduce the risk of future harmful headlines. Critically discuss if mandatory auditor rotation will improve auditor independence and quality, include in your answer any other factors that can influence auditor independence.