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Article: Auditor rotation: a bad governance idea; Would you change your doctor every three years believing you'd get better medical attention?(GUEST COLUMN)
- Article from:
- Directors & Boards
- Article date:
- March 22, 2004
- Author:
CopyrightCOPYRIGHT 2004 Directors and Boards. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHENEVER A DEBACLE grabs hold of the headlines, debate begins to offer "answers." Intelligent public policy crafters must pause and sort out such answers from "really bad ideas." The auditor rotation proposal is one of those bad ideas.
If you were forced to change your doctor every few years, do you believe you would receive better medical attention--or worse? Is value added from the experience that doctor has had with your personal medical history? Or, is the benefit of "a fresh look" dominant? While the latter might be sought through second opinions, who would voluntarily embrace the idea of mandatory rotation of a personal physician?
Yet why do ...