{"id":219,"date":"2026-06-06T13:00:54","date_gmt":"2026-06-06T10:00:54","guid":{"rendered":"https:\/\/projects.snau.edu.ua\/eutrust\/?page_id=219"},"modified":"2026-06-06T13:00:54","modified_gmt":"2026-06-06T10:00:54","slug":"research-insight-3","status":"publish","type":"page","link":"https:\/\/projects.snau.edu.ua\/eutrust\/platforma-znan\/research-insight-3\/","title":{"rendered":"Research Insight #3"},"content":{"rendered":"\n

Research Insight #3<\/h1>\n\n\n\n

\ud83c\uddec\ud83c\udde7 ENGLISH VERSION<\/h2>\n\n\n\n

When Auditor Rotation Creates a Short Horizon: Evidence from Italy\u2019s Dual-Rotation Regime<\/h3>\n\n\n\n

Based on:<\/strong> Mazza, T., Azzali, S., Reichelt, K. J., & Fornaciari, L. (2026). Short horizon for audit partner and audit quality: Evidence from a dual-rotation regime<\/em>. Journal of Accounting, Auditing & Finance, 41(2), 425\u2013454. https:\/\/doi.org\/10.1177\/0148558X241293497<\/a><\/p>\n\n\n\n

Journal:<\/strong> Journal of Accounting, Auditing & Finance
Impact Factor:<\/strong> 1.3 \/ 5-Year Impact Factor:<\/strong> 1.9
First published online:<\/strong> February 19, 2025
JEL codes:<\/strong> M42, M48<\/p>\n\n\n\n

This study examines a critical but often overlooked consequence of mandatory auditor rotation: what happens when audit firm rotation and audit partner rotation operate together and unintentionally shorten the time horizon of an individual audit partner.<\/p>\n\n\n\n

The authors study Italy, a unique regulatory setting where audit firms must rotate after 9 years and audit partners after 7 years. This dual-rotation regime creates an uneven structure: some audit partners have a full engagement horizon, while others enter the audit relationship knowing that their remaining time with the client will be short.<\/p>\n\n\n\n

The key argument is direct: when an audit partner has a shorter expected horizon, the incentive to invest deeply in client-specific knowledge declines. Audit quality can suffer because the partner has less time to recover the benefits of learning, less accumulated tacit knowledge from predecessors, and weaker monitoring from successors.<\/p>\n\n\n\n

Research Design and Logic<\/h3>\n\n\n\n

Mazza et al. use the Italian dual-rotation regime as a quasi-natural setting to assess whether shorter audit partner horizons affect audit quality. The logic is strong because the shorter horizon is not simply a voluntary managerial choice. It emerges from the interaction between two mandatory rotation rules.<\/p>\n\n\n\n

Audit quality is assessed through financial reporting outcomes. The core assumption is standard in audit research: lower-quality audits are more likely to allow greater discretion in financial reporting, weaker constraint of earnings management, or less rigorous professional judgment.<\/p>\n\n\n\n

What the Evidence Shows<\/h3>\n\n\n\n

The findings are clear: clients audited by partners with shorter horizons are associated with lower audit quality.<\/p>\n\n\n\n

This result challenges the clean regulatory assumption that more rotation automatically improves independence and audit quality. Rotation may reduce familiarity threats, but it can also destroy audit knowledge. The Italian case shows that when rotation rules are layered without careful design, they can create incentives that weaken the audit process.<\/p>\n\n\n\n

The study identifies three main mechanisms:<\/p>\n\n\n\n

    \n
  1. Lower investment in client knowledge.<\/strong>
    A partner who knows the engagement will end soon has fewer incentives to invest heavily in understanding the client\u2019s business model, internal controls, risks, and reporting complexity.<\/li>\n\n\n\n
  2. Weak transfer of tacit knowledge.<\/strong>
    Some audit knowledge cannot be fully documented. It is built through repeated interaction, professional judgment, and experience with the client. Short horizons weaken this learning process.<\/li>\n\n\n\n
  3. Insufficient successor monitoring.<\/strong>
    If the next partner is not yet fully involved, the current partner may face weaker future accountability for audit judgments made near the end of the engagement.<\/li>\n<\/ol>\n\n\n\n

    The Core Finding: Rotation Design Matters<\/h3>\n\n\n\n

    The article does not argue against auditor rotation as such. Its stronger point is that poorly coordinated rotation rules can damage audit quality.<\/p>\n\n\n\n

    Mandatory firm rotation and mandatory partner rotation may each have a defensible policy rationale. But when combined mechanically, they can create short partner horizons that reduce effort, learning, and accountability. This is a design failure, not a failure of the rotation idea alone.<\/p>\n\n\n\n

    For EU audit regulation, the message is uncomfortable but important: independence rules must be tested not only by their formal logic, but by their behavioral consequences inside audit firms.<\/p>\n\n\n\n

    Relevance for EU-TRUST<\/h3>\n\n\n\n

    For the EU-TRUST project, this article is highly relevant because it speaks directly to one of the project\u2019s core themes: mandatory auditor rotation as an EU policy tool for strengthening independence, transparency, and public trust.<\/p>\n\n\n\n

    The Ukrainian policy discussion should avoid copying EU mechanisms mechanically. Rotation can support independence, but only if the rule is designed with attention to audit knowledge, transition planning, partner incentives, and institutional capacity.<\/p>\n\n\n\n

    The lesson is precise: trust in audit is not built by rotation alone. It is built by rules that preserve independence without destroying professional expertise.<\/p>\n\n\n\n

    \n\n\n\n

    \ud83c\uddfa\ud83c\udde6 \u0423\u041a\u0420\u0410\u0407\u041d\u0421\u042c\u041a\u0410 \u0412\u0415\u0420\u0421\u0406\u042f<\/h2>\n\n\n\n

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    \u041a\u043e\u043b\u0438 \u0440\u043e\u0442\u0430\u0446\u0456\u044f \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0430 \u0441\u0442\u0432\u043e\u0440\u044e\u0454 \u043a\u043e\u0440\u043e\u0442\u043a\u0438\u0439 \u0433\u043e\u0440\u0438\u0437\u043e\u043d\u0442: \u0434\u043e\u043a\u0430\u0437\u0438 \u0437 \u0456\u0442\u0430\u043b\u0456\u0439\u0441\u044c\u043a\u043e\u0433\u043e \u0440\u0435\u0436\u0438\u043c\u0443 \u043f\u043e\u0434\u0432\u0456\u0439\u043d\u043e\u0457 \u0440\u043e\u0442\u0430\u0446\u0456\u0457<\/h2>\n\n\n\n

    \u041d\u0430 \u043e\u0441\u043d\u043e\u0432\u0456:<\/strong> Mazza, T., Azzali, S., Reichelt, K. J., & Fornaciari, L. (2026). Short horizon for audit partner and audit quality: Evidence from a dual-rotation regime<\/em>. Journal of Accounting, Auditing & Finance, 41(2), 425\u2013454. https:\/\/doi.org\/10.1177\/0148558X241293497<\/a><\/p>\n\n\n\n

    \u0416\u0443\u0440\u043d\u0430\u043b:<\/strong> Journal of Accounting, Auditing & Finance
    Impact Factor:<\/strong> 1.3 \/ 5-Year Impact Factor:<\/strong> 1.9
    \u041f\u0435\u0440\u0448\u0430 \u043e\u043d\u043b\u0430\u0439\u043d-\u043f\u0443\u0431\u043b\u0456\u043a\u0430\u0446\u0456\u044f:<\/strong> 19 \u043b\u044e\u0442\u043e\u0433\u043e 2025 \u0440\u043e\u043a\u0443
    JEL codes:<\/strong> M42, M48<\/p>\n\n\n\n

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    \u042f\u043a\u0456\u0441\u0442\u044c \u0430\u0443\u0434\u0438\u0442\u0443 \u043e\u0446\u0456\u043d\u044e\u0454\u0442\u044c\u0441\u044f \u0447\u0435\u0440\u0435\u0437 \u0440\u0435\u0437\u0443\u043b\u044c\u0442\u0430\u0442\u0438 \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0457 \u0437\u0432\u0456\u0442\u043d\u043e\u0441\u0442\u0456. \u041b\u043e\u0433\u0456\u043a\u0430 \u0441\u0442\u0430\u043d\u0434\u0430\u0440\u0442\u043d\u0430 \u0434\u043b\u044f \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0441\u044c\u043a\u0438\u0445 \u0434\u043e\u0441\u043b\u0456\u0434\u0436\u0435\u043d\u044c: \u043d\u0438\u0436\u0447\u0430 \u044f\u043a\u0456\u0441\u0442\u044c \u0430\u0443\u0434\u0438\u0442\u0443 \u043e\u0437\u043d\u0430\u0447\u0430\u0454 \u0441\u043b\u0430\u0431\u0448\u0438\u0439 \u043a\u043e\u043d\u0442\u0440\u043e\u043b\u044c \u0437\u0430 \u0443\u043f\u0440\u0430\u0432\u043b\u0456\u043d\u0441\u044c\u043a\u0438\u043c\u0438 \u0441\u0443\u0434\u0436\u0435\u043d\u043d\u044f\u043c\u0438, \u0431\u0456\u043b\u044c\u0448\u0438\u0439 \u043f\u0440\u043e\u0441\u0442\u0456\u0440 \u0434\u043b\u044f \u043c\u0430\u043d\u0456\u043f\u0443\u043b\u044f\u0446\u0456\u0439 \u0437\u0456 \u0437\u0432\u0456\u0442\u043d\u0456\u0441\u0442\u044e \u0442\u0430 \u043c\u0435\u043d\u0448 \u0441\u0443\u0432\u043e\u0440\u0435 \u0437\u0430\u0441\u0442\u043e\u0441\u0443\u0432\u0430\u043d\u043d\u044f \u043f\u0440\u043e\u0444\u0435\u0441\u0456\u0439\u043d\u043e\u0433\u043e \u0441\u043a\u0435\u043f\u0442\u0438\u0446\u0438\u0437\u043c\u0443.<\/p>\n\n\n\n

    \u0429\u043e \u043f\u043e\u043a\u0430\u0437\u0430\u043b\u0438 \u0440\u0435\u0437\u0443\u043b\u044c\u0442\u0430\u0442\u0438<\/h3>\n\n\n\n

    \u0420\u0435\u0437\u0443\u043b\u044c\u0442\u0430\u0442\u0438 \u0447\u0456\u0442\u043a\u0456: \u043a\u043e\u043c\u043f\u0430\u043d\u0456\u0457, \u0430\u0443\u0434\u0438\u0442 \u044f\u043a\u0438\u0445 \u0437\u0434\u0456\u0439\u0441\u043d\u044e\u0432\u0430\u043b\u0438 \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u0438 \u0437 \u043a\u043e\u0440\u043e\u0442\u0448\u0438\u043c \u0433\u043e\u0440\u0438\u0437\u043e\u043d\u0442\u043e\u043c \u0440\u043e\u0431\u043e\u0442\u0438, \u0430\u0441\u043e\u0446\u0456\u044e\u0432\u0430\u043b\u0438\u0441\u044f \u0437 \u043d\u0438\u0436\u0447\u043e\u044e \u044f\u043a\u0456\u0441\u0442\u044e \u0430\u0443\u0434\u0438\u0442\u0443.<\/p>\n\n\n\n

    \u0426\u0435\u0439 \u0432\u0438\u0441\u043d\u043e\u0432\u043e\u043a \u0441\u0442\u0430\u0432\u0438\u0442\u044c \u043f\u0456\u0434 \u0441\u0443\u043c\u043d\u0456\u0432 \u0441\u043f\u0440\u043e\u0449\u0435\u043d\u0435 \u0440\u0435\u0433\u0443\u043b\u044f\u0442\u043e\u0440\u043d\u0435 \u043f\u0440\u0438\u043f\u0443\u0449\u0435\u043d\u043d\u044f, \u0449\u043e \u0431\u0456\u043b\u044c\u0448\u0430 \u0440\u043e\u0442\u0430\u0446\u0456\u044f \u0430\u0432\u0442\u043e\u043c\u0430\u0442\u0438\u0447\u043d\u043e \u043f\u0456\u0434\u0432\u0438\u0449\u0443\u0454 \u043d\u0435\u0437\u0430\u043b\u0435\u0436\u043d\u0456\u0441\u0442\u044c \u0456 \u044f\u043a\u0456\u0441\u0442\u044c \u0430\u0443\u0434\u0438\u0442\u0443. \u0420\u043e\u0442\u0430\u0446\u0456\u044f \u0441\u043f\u0440\u0430\u0432\u0434\u0456 \u043c\u043e\u0436\u0435 \u0437\u043c\u0435\u043d\u0448\u0443\u0432\u0430\u0442\u0438 \u0440\u0438\u0437\u0438\u043a \u043d\u0430\u0434\u043c\u0456\u0440\u043d\u043e\u0457 \u0431\u043b\u0438\u0437\u044c\u043a\u043e\u0441\u0442\u0456 \u043c\u0456\u0436 \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u043e\u043c \u0456 \u043a\u043b\u0456\u0454\u043d\u0442\u043e\u043c. \u0410\u043b\u0435 \u0432\u043e\u043d\u0430 \u0442\u0430\u043a\u043e\u0436 \u043c\u043e\u0436\u0435 \u0440\u0443\u0439\u043d\u0443\u0432\u0430\u0442\u0438 \u043d\u0430\u043a\u043e\u043f\u0438\u0447\u0435\u043d\u0456 \u043f\u0440\u043e\u0444\u0435\u0441\u0456\u0439\u043d\u0456 \u0437\u043d\u0430\u043d\u043d\u044f \u043f\u0440\u043e \u043a\u043b\u0456\u0454\u043d\u0442\u0430.<\/p>\n\n\n\n

    \u0414\u043e\u0441\u043b\u0456\u0434\u0436\u0435\u043d\u043d\u044f \u043f\u043e\u043a\u0430\u0437\u0443\u0454 \u0442\u0440\u0438 \u043e\u0441\u043d\u043e\u0432\u043d\u0456 \u043c\u0435\u0445\u0430\u043d\u0456\u0437\u043c\u0438:<\/p>\n\n\n\n

      \n
    1. \u041c\u0435\u043d\u0448\u0456 \u0456\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0456\u0457 \u0443 \u0437\u043d\u0430\u043d\u043d\u044f \u043f\u0440\u043e \u043a\u043b\u0456\u0454\u043d\u0442\u0430.<\/strong>
      \u042f\u043a\u0449\u043e \u043f\u0430\u0440\u0442\u043d\u0435\u0440 \u0437\u043d\u0430\u0454, \u0449\u043e \u0439\u043e\u0433\u043e \u0440\u043e\u0431\u043e\u0442\u0430 \u0437 \u043a\u043b\u0456\u0454\u043d\u0442\u043e\u043c \u0441\u043a\u043e\u0440\u043e \u0437\u0430\u0432\u0435\u0440\u0448\u0438\u0442\u044c\u0441\u044f, \u0432\u0456\u043d \u043c\u0430\u0454 \u043c\u0435\u043d\u0448\u0435 \u0441\u0442\u0438\u043c\u0443\u043b\u0456\u0432 \u0433\u043b\u0438\u0431\u043e\u043a\u043e \u0432\u0438\u0432\u0447\u0430\u0442\u0438 \u0431\u0456\u0437\u043d\u0435\u0441-\u043c\u043e\u0434\u0435\u043b\u044c, \u0432\u043d\u0443\u0442\u0440\u0456\u0448\u043d\u0456\u0439 \u043a\u043e\u043d\u0442\u0440\u043e\u043b\u044c, \u0440\u0438\u0437\u0438\u043a\u0438 \u0442\u0430 \u0441\u043a\u043b\u0430\u0434\u043d\u0456\u0441\u0442\u044c \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0457 \u0437\u0432\u0456\u0442\u043d\u043e\u0441\u0442\u0456 \u043a\u043b\u0456\u0454\u043d\u0442\u0430.<\/li>\n\n\n\n
    2. \u0421\u043b\u0430\u0431\u0448\u0430 \u043f\u0435\u0440\u0435\u0434\u0430\u0447\u0430 \u043d\u0435\u0444\u043e\u0440\u043c\u0430\u043b\u0456\u0437\u043e\u0432\u0430\u043d\u0438\u0445 \u0437\u043d\u0430\u043d\u044c.<\/strong>
      \u0427\u0430\u0441\u0442\u0438\u043d\u0430 \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0441\u044c\u043a\u0438\u0445 \u0437\u043d\u0430\u043d\u044c \u043d\u0435 \u043c\u043e\u0436\u0435 \u0431\u0443\u0442\u0438 \u043f\u043e\u0432\u043d\u0456\u0441\u0442\u044e \u0437\u0430\u0444\u0456\u043a\u0441\u043e\u0432\u0430\u043d\u0430 \u0432 \u0434\u043e\u043a\u0443\u043c\u0435\u043d\u0442\u0430\u0445. \u0412\u043e\u043d\u0430 \u0444\u043e\u0440\u043c\u0443\u0454\u0442\u044c\u0441\u044f \u0447\u0435\u0440\u0435\u0437 \u0434\u043e\u0441\u0432\u0456\u0434, \u043f\u0440\u043e\u0444\u0435\u0441\u0456\u0439\u043d\u0456 \u0441\u0443\u0434\u0436\u0435\u043d\u043d\u044f \u0442\u0430 \u043f\u043e\u0432\u0442\u043e\u0440\u044e\u0432\u0430\u043d\u0443 \u0432\u0437\u0430\u0454\u043c\u043e\u0434\u0456\u044e \u0437 \u043a\u043b\u0456\u0454\u043d\u0442\u043e\u043c. \u041a\u043e\u0440\u043e\u0442\u043a\u0438\u0439 \u0433\u043e\u0440\u0438\u0437\u043e\u043d\u0442 \u043f\u043e\u0441\u043b\u0430\u0431\u043b\u044e\u0454 \u0446\u0435\u0439 \u043f\u0440\u043e\u0446\u0435\u0441.<\/li>\n\n\n\n
    3. \u041d\u0435\u0434\u043e\u0441\u0442\u0430\u0442\u043d\u0456\u0439 \u043a\u043e\u043d\u0442\u0440\u043e\u043b\u044c \u0437 \u0431\u043e\u043a\u0443 \u043d\u0430\u0441\u0442\u0443\u043f\u043d\u0438\u043a\u0430.<\/strong>
      \u042f\u043a\u0449\u043e \u043d\u0430\u0441\u0442\u0443\u043f\u043d\u0438\u0439 \u043f\u0430\u0440\u0442\u043d\u0435\u0440 \u0449\u0435 \u043d\u0435 \u0437\u0430\u043b\u0443\u0447\u0435\u043d\u0438\u0439 \u043f\u043e\u0432\u043d\u043e\u044e \u043c\u0456\u0440\u043e\u044e, \u043f\u043e\u0442\u043e\u0447\u043d\u0438\u0439 \u043f\u0430\u0440\u0442\u043d\u0435\u0440 \u043c\u043e\u0436\u0435 \u0432\u0456\u0434\u0447\u0443\u0432\u0430\u0442\u0438 \u043c\u0435\u043d\u0448\u0443 \u043c\u0430\u0439\u0431\u0443\u0442\u043d\u044e \u0432\u0456\u0434\u043f\u043e\u0432\u0456\u0434\u0430\u043b\u044c\u043d\u0456\u0441\u0442\u044c \u0437\u0430 \u0440\u0456\u0448\u0435\u043d\u043d\u044f, \u0443\u0445\u0432\u0430\u043b\u0435\u043d\u0456 \u043d\u0430\u043f\u0440\u0438\u043a\u0456\u043d\u0446\u0456 \u0441\u0432\u043e\u0433\u043e \u043f\u0435\u0440\u0456\u043e\u0434\u0443 \u0440\u043e\u0431\u043e\u0442\u0438.<\/li>\n<\/ol>\n\n\n\n

      \u041a\u043b\u044e\u0447\u043e\u0432\u0438\u0439 \u0432\u0438\u0441\u043d\u043e\u0432\u043e\u043a: \u0434\u0438\u0437\u0430\u0439\u043d \u0440\u043e\u0442\u0430\u0446\u0456\u0457 \u043c\u0430\u0454 \u0437\u043d\u0430\u0447\u0435\u043d\u043d\u044f<\/h3>\n\n\n\n

      \u0421\u0442\u0430\u0442\u0442\u044f \u043d\u0435 \u0437\u0430\u043f\u0435\u0440\u0435\u0447\u0443\u0454 \u0441\u0430\u043c\u0443 \u0456\u0434\u0435\u044e \u0440\u043e\u0442\u0430\u0446\u0456\u0457 \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0456\u0432. \u0407\u0457 \u0441\u0438\u043b\u044c\u043d\u0456\u0448\u0438\u0439 \u0432\u0438\u0441\u043d\u043e\u0432\u043e\u043a \u043f\u043e\u043b\u044f\u0433\u0430\u0454 \u0432 \u0456\u043d\u0448\u043e\u043c\u0443: \u043f\u043e\u0433\u0430\u043d\u043e \u0441\u043a\u043e\u043e\u0440\u0434\u0438\u043d\u043e\u0432\u0430\u043d\u0456 \u043f\u0440\u0430\u0432\u0438\u043b\u0430 \u0440\u043e\u0442\u0430\u0446\u0456\u0457 \u043c\u043e\u0436\u0443\u0442\u044c \u043f\u043e\u0433\u0456\u0440\u0448\u0438\u0442\u0438 \u044f\u043a\u0456\u0441\u0442\u044c \u0430\u0443\u0434\u0438\u0442\u0443.<\/p>\n\n\n\n

      \u041e\u0431\u043e\u0432\u2019\u044f\u0437\u043a\u043e\u0432\u0430 \u0440\u043e\u0442\u0430\u0446\u0456\u044f \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0441\u044c\u043a\u043e\u0457 \u0444\u0456\u0440\u043c\u0438 \u0456 \u043e\u0431\u043e\u0432\u2019\u044f\u0437\u043a\u043e\u0432\u0430 \u0440\u043e\u0442\u0430\u0446\u0456\u044f \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u0430 \u043c\u043e\u0436\u0443\u0442\u044c \u043c\u0430\u0442\u0438 \u043f\u0435\u0440\u0435\u043a\u043e\u043d\u043b\u0438\u0432\u0435 \u0440\u0435\u0433\u0443\u043b\u044f\u0442\u043e\u0440\u043d\u0435 \u043e\u0431\u0491\u0440\u0443\u043d\u0442\u0443\u0432\u0430\u043d\u043d\u044f \u043e\u043a\u0440\u0435\u043c\u043e. \u0410\u043b\u0435 \u044f\u043a\u0449\u043e \u0457\u0445 \u043f\u043e\u0454\u0434\u043d\u0430\u0442\u0438 \u043c\u0435\u0445\u0430\u043d\u0456\u0447\u043d\u043e, \u0432\u043e\u043d\u0438 \u043c\u043e\u0436\u0443\u0442\u044c \u0441\u0442\u0432\u043e\u0440\u0438\u0442\u0438 \u043a\u043e\u0440\u043e\u0442\u043a\u0438\u0439 \u0433\u043e\u0440\u0438\u0437\u043e\u043d\u0442 \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u0430, \u044f\u043a\u0438\u0439 \u0437\u043d\u0438\u0436\u0443\u0454 \u0437\u0443\u0441\u0438\u043b\u043b\u044f, \u043d\u0430\u0432\u0447\u0430\u043d\u043d\u044f \u0456 \u0432\u0456\u0434\u043f\u043e\u0432\u0456\u0434\u0430\u043b\u044c\u043d\u0456\u0441\u0442\u044c. \u0426\u0435 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u0430 \u0434\u0438\u0437\u0430\u0439\u043d\u0443 \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f, \u0430 \u043d\u0435 \u043b\u0438\u0448\u0435 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u0430 \u0440\u043e\u0442\u0430\u0446\u0456\u0457 \u044f\u043a \u0442\u0430\u043a\u043e\u0457.<\/p>\n\n\n\n

      \u0414\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0430\u0443\u0434\u0438\u0442\u0443 \u0432 \u0404\u0421 \u0446\u0435\u0439 \u0432\u0438\u0441\u043d\u043e\u0432\u043e\u043a \u043d\u0435\u043f\u0440\u0438\u0454\u043c\u043d\u0438\u0439, \u0430\u043b\u0435 \u0432\u0430\u0436\u043b\u0438\u0432\u0438\u0439: \u043f\u0440\u0430\u0432\u0438\u043b\u0430 \u043d\u0435\u0437\u0430\u043b\u0435\u0436\u043d\u043e\u0441\u0442\u0456 \u043f\u043e\u0442\u0440\u0456\u0431\u043d\u043e \u043e\u0446\u0456\u043d\u044e\u0432\u0430\u0442\u0438 \u043d\u0435 \u0442\u0456\u043b\u044c\u043a\u0438 \u0437\u0430 \u0457\u0445\u043d\u044c\u043e\u044e \u0444\u043e\u0440\u043c\u0430\u043b\u044c\u043d\u043e\u044e \u043b\u043e\u0433\u0456\u043a\u043e\u044e, \u0430 \u0439 \u0437\u0430 \u0440\u0435\u0430\u043b\u044c\u043d\u0438\u043c\u0438 \u043f\u043e\u0432\u0435\u0434\u0456\u043d\u043a\u043e\u0432\u0438\u043c\u0438 \u043d\u0430\u0441\u043b\u0456\u0434\u043a\u0430\u043c\u0438 \u0432\u0441\u0435\u0440\u0435\u0434\u0438\u043d\u0456 \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0441\u044c\u043a\u0438\u0445 \u0444\u0456\u0440\u043c.<\/p>\n\n\n\n

      \u0417\u043d\u0430\u0447\u0435\u043d\u043d\u044f \u0434\u043b\u044f EU-TRUST<\/h3>\n\n\n\n

      \u0414\u043b\u044f \u043f\u0440\u043e\u0454\u043a\u0442\u0443 EU-TRUST \u0446\u044f \u0441\u0442\u0430\u0442\u0442\u044f \u0454 \u043e\u0441\u043e\u0431\u043b\u0438\u0432\u043e \u0440\u0435\u043b\u0435\u0432\u0430\u043d\u0442\u043d\u043e\u044e, \u043e\u0441\u043a\u0456\u043b\u044c\u043a\u0438 \u043f\u0440\u044f\u043c\u043e \u0441\u0442\u043e\u0441\u0443\u0454\u0442\u044c\u0441\u044f \u043e\u0434\u043d\u0456\u0454\u0457 \u0437 \u0446\u0435\u043d\u0442\u0440\u0430\u043b\u044c\u043d\u0438\u0445 \u0442\u0435\u043c \u043f\u0440\u043e\u0454\u043a\u0442\u0443: \u043e\u0431\u043e\u0432\u2019\u044f\u0437\u043a\u043e\u0432\u043e\u0457 \u0440\u043e\u0442\u0430\u0446\u0456\u0457 \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0430 \u044f\u043a \u0456\u043d\u0441\u0442\u0440\u0443\u043c\u0435\u043d\u0442\u0443 \u043f\u043e\u043b\u0456\u0442\u0438\u043a\u0438 \u0404\u0421 \u0434\u043b\u044f \u043f\u043e\u0441\u0438\u043b\u0435\u043d\u043d\u044f \u043d\u0435\u0437\u0430\u043b\u0435\u0436\u043d\u043e\u0441\u0442\u0456, \u043f\u0440\u043e\u0437\u043e\u0440\u043e\u0441\u0442\u0456 \u0442\u0430 \u0441\u0443\u0441\u043f\u0456\u043b\u044c\u043d\u043e\u0457 \u0434\u043e\u0432\u0456\u0440\u0438.<\/p>\n\n\n\n

      \u0423\u043a\u0440\u0430\u0457\u043d\u0441\u044c\u043a\u0430 \u0434\u0438\u0441\u043a\u0443\u0441\u0456\u044f \u0449\u043e\u0434\u043e \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0441\u044c\u043a\u043e\u0457 \u0440\u0435\u0444\u043e\u0440\u043c\u0438 \u043d\u0435 \u043f\u043e\u0432\u0438\u043d\u043d\u0430 \u043c\u0435\u0445\u0430\u043d\u0456\u0447\u043d\u043e \u043a\u043e\u043f\u0456\u044e\u0432\u0430\u0442\u0438 \u0454\u0432\u0440\u043e\u043f\u0435\u0439\u0441\u044c\u043a\u0456 \u043c\u0435\u0445\u0430\u043d\u0456\u0437\u043c\u0438. \u0420\u043e\u0442\u0430\u0446\u0456\u044f \u043c\u043e\u0436\u0435 \u043f\u0456\u0434\u0442\u0440\u0438\u043c\u0443\u0432\u0430\u0442\u0438 \u043d\u0435\u0437\u0430\u043b\u0435\u0436\u043d\u0456\u0441\u0442\u044c, \u0430\u043b\u0435 \u0442\u0456\u043b\u044c\u043a\u0438 \u0442\u043e\u0434\u0456, \u043a\u043e\u043b\u0438 \u043f\u0440\u0430\u0432\u0438\u043b\u043e \u0432\u0440\u0430\u0445\u043e\u0432\u0443\u0454 \u043d\u0430\u043a\u043e\u043f\u0438\u0447\u0435\u043d\u043d\u044f \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0441\u044c\u043a\u0438\u0445 \u0437\u043d\u0430\u043d\u044c, \u043f\u043b\u0430\u043d\u0443\u0432\u0430\u043d\u043d\u044f \u043f\u0435\u0440\u0435\u0445\u043e\u0434\u0443, \u0441\u0442\u0438\u043c\u0443\u043b\u0438 \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u0456\u0432 \u0456 \u0441\u043f\u0440\u043e\u043c\u043e\u0436\u043d\u0456\u0441\u0442\u044c \u0456\u043d\u0441\u0442\u0438\u0442\u0443\u0446\u0456\u0439.<\/p>\n\n\n\n

      \u0413\u043e\u043b\u043e\u0432\u043d\u0438\u0439 \u0443\u0440\u043e\u043a \u0442\u043e\u0447\u043d\u0438\u0439: \u0434\u043e\u0432\u0456\u0440\u0430 \u0434\u043e \u0430\u0443\u0434\u0438\u0442\u0443 \u043d\u0435 \u0441\u0442\u0432\u043e\u0440\u044e\u0454\u0442\u044c\u0441\u044f \u0441\u0430\u043c\u043e\u044e \u0440\u043e\u0442\u0430\u0446\u0456\u0454\u044e. \u0412\u043e\u043d\u0430 \u0441\u0442\u0432\u043e\u0440\u044e\u0454\u0442\u044c\u0441\u044f \u0442\u0430\u043a\u0438\u043c\u0438 \u043f\u0440\u0430\u0432\u0438\u043b\u0430\u043c\u0438, \u044f\u043a\u0456 \u0437\u0430\u0445\u0438\u0449\u0430\u044e\u0442\u044c \u043d\u0435\u0437\u0430\u043b\u0435\u0436\u043d\u0456\u0441\u0442\u044c \u0430\u0443\u0434\u0438\u0442\u043e\u0440\u0430, \u0430\u043b\u0435 \u043d\u0435 \u0437\u043d\u0438\u0449\u0443\u044e\u0442\u044c \u0439\u043e\u0433\u043e \u043f\u0440\u043e\u0444\u0435\u0441\u0456\u0439\u043d\u0443 \u0435\u043a\u0441\u043f\u0435\u0440\u0442\u0438\u0437\u0443.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Research Insight #3 \ud83c\uddec\ud83c\udde7 ENGLISH VERSION When Auditor Rotation Creates a Short Horizon: Evidence from Italy\u2019s Dual-Rotation Regime Based on:…<\/p>\n","protected":false},"author":2,"featured_media":220,"parent":13,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-219","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/pages\/219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/comments?post=219"}],"version-history":[{"count":1,"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/pages\/219\/revisions"}],"predecessor-version":[{"id":221,"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/pages\/219\/revisions\/221"}],"up":[{"embeddable":true,"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/pages\/13"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/media\/220"}],"wp:attachment":[{"href":"https:\/\/projects.snau.edu.ua\/eutrust\/wp-json\/wp\/v2\/media?parent=219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}