Legal experts questioned whether a proposal to require thatcompanies switch to a new outside audit firm regularly would curbfraud, according to a Reuters story. At a meeting yesterday todiscuss the Public Company Accounting Oversight Board's proposal onmandatory auditor rotation, Conrad Hewitt, former SEC chiefaccountant, suggested bolstering the audit committees of corporateboards instead. Former SEC chairman Harold Williams said he wasn'toptimistic mandatory rotation would work, but argued that it mightencourage mid-level audit firms to compete for bigger clients.

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