However, mandatory audit rotation is still a debatable topic. Various countries like Brazil, Italy, and Singapore, have adopted it whereas many countries like India is still determining the possible impacts on audit quality and overall audit procedures (Anis, 2014). The Global financial crisis was the main reason behind scope and quality of audit and auditor’s independence. Significant research and tests have been conducted to determine the possible impact of these reforms, but the researchers predicted mixed views. Some stated positive outlooks meanwhile others reflected negative impacts that can result in audit failures. Given the lack of evidence relating to mandatory rotation improving the audit quality and auditor’s independence, regulators need to determine the long-term effects of these policies cautiously before implementing and regulating these guidelines which are to be followed by all. We must focus on the need for future researchers which will help in enhancing and improving audit quality as well as develop an environment where auditor’s independence does not depend on any factors. Auditors should be able to discharge their duties ethically and without any pressure from the organisation. The regulatory board has enforced strict laws relating to audit transparency and any person found guilty of misconduct will be severely penalised. Moreover financial statements should also be prepared as per the required regulatory framework which must be examined by the auditor in order to determine whether tha statements are free from frauds and possible errors.