CUHK research reveals that there is no real brain drain in China’s public accounting sector as the auditors who generate more revenue, conduct high quality audits and work in larger accounting firms are likely to stay in the profession

The purpose of mandatory auditor rotation is to prevent accounting fraud but the close connections between incoming and outgoing auditors raise questions on the effectiveness of the practice in China

A China's study by CUHK Business School shows that the mandatory rotation of audit partners enhance the audit quality of a firm