The concept of transparency and rotation has been a long standing debate in relation to the audit market both within the UAE and globally. More recently, there have been developments globally, particularly in the EU with the recent audit reforms being introduced to promote transparency and independence.
This debate has led to many other emerging economies embracing the notion of the need for such reforms especially in countries where commercial decisions are predominately relationship focused.
Grant Thornton and the ACCA have produced this whitepaper which shares insights from leading CFOs in the UAE on the changing role of Audit.
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