This paper aims to examine the question of whether the mandatory rotation of audit firms and auditors, which is part of the new European Audit Reform, is a desirable measure in Greece. A comprehensive literature review of related studies from Europe and around the world was performed to study the issue. We conduct an empirical analysis focusing on auditors working in Greek audit firms and present the results of the responses from 115 members of the Institute of Certified Public Accountants of Greece. Empirical findings provide mixed results with regard to the implications of mandatory rotation. Most of the respondents agree that mandatory rotation will increase the overall costs of the audit process. However, they also conclude that it will increase both auditor independence and resistance to the management of audited firms. The findings of the study should be of interest to policymakers, regulators and audit firms in Greece and Europe. This is the first study that investigates the effects of mandatory rotation on audit quality in Greece since the establishment of the new regulatory audit framework. The study focuses on auditors’ views considering their decisive role in achieving audit quality. The conclusions of this study are generally in line with those indicated in the literature.

中文翻译：

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希腊审计公司和审计师的强制轮换

本文旨在研究作为新的欧洲审计改革的一部分的审计公司和审计师的强制轮换是否在希腊是理想的措施。对来自欧洲和世界各地的相关研究进行了全面的文献综述，以研究这一问题。我们针对希腊审计公司中的审计师进行了实证分析，并提出了希腊注册会计师协会115名成员的回应结果。关于强制轮换的含义，经验发现提供了不同的结果。大多数受访者同意强制轮换会增加审计过程的总体成本。但是，他们还得出结论，这将增加审计师的独立性和对被审计公司管理层的抵抗力。该研究的结果应为希腊和欧洲的决策者，监管机构和审计公司所关注。自从建立新的监管审计框架以来，这是第一项调查希腊强制性轮换对审计质量的影响的研究。该研究着重考虑了审计师在实现审计质量方面的决定性作用。这项研究的结论大体上与文献中指出的一致。