Intro

1. Cost

Table detailing the change in audit fees on rotation of selected:

Table listing those comment letters which identified the issue of cost / tendering

2. Quality

Graphs

Table listing those comment letters which identified the issue of quality

Links:

• Why good accountants do bad audits.

3. Disruption (Time and Effort)

Graphs

Table listing those comment letters which identified the issue of disruption, time and effort.

Links:

• Link to the FRC Best Practices for Audit Tendering
• Links to interactive annual reports from those organisations which report on their process to minimise disruption i.e. Mondi
   

4. Rights of Shareholders and Audit Committees

Table listing those comment letters which identified the issue of shareholder and audit committee rights

Links:

• FRC Code of Governance

5. Impacts on Training of Auditors

Graphs

Table listing those comment letters which identified the issue of loss of training opportunities