<h1>Auditor independence: amendments clarify appointment, rotation, disqualification, fraud reporting and consolidated audit scope.</h1> Proposed amendments focus on preserving auditor independence by removing annual ratification of five year appointments, treating premature unwillingness as resignation with casual vacancy rules, clarifying rotation transitional counting from AGM to AGM, modifying the definition of 'relative' for disqualification, refining the scope of disqualification for prohibited services, expanding access rights for holding company auditors to associates and joint ventures for consolidation, narrowing consolidated audit reporting to true and fair opinion plus significant matters, retaining obligation to report continuing fraud, and updating liability, cost accountant definition and related disclosures.