Comparing price developments in Japan with those abroad shows a significant difference: the year-on-year rate of change in consumer prices for all items exceeds 8 percent in the United States and Europe, while the rate of change in core CPI in Japan is 2.4 percent (Chart 5).
On the other hand, it is more or less obvious that the know-how acquired by an auditor concerning the specific business, financial and operational aspects of a company would be lost with each rotation. Banks should hence support external auditors in understanding all key issues as soon as possible.