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The author’s intention in this text is to
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Judge the following item, according to the text .

The expression “magic bullet” (l.23) could be correctly replaced by cure-all, wonder drug or perfect solution, without any change in its meaning.
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Judge the following item, according to the text .

In “to me that’s not an audit, that’s a joint venture” (l.5), the word “that” refers to the situation mentioned before, that is, the same auditing firm being responsible for a client for too long a period of time.
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Judge the following item, according to the text .

The fragment “longer tenures yield better results” (l.8) indicates that it is necessary a considerable amount of time for an auditing company which has been hired to sharpen its auditing skills and deliver superior results.
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Judge the following item, according to the text .

The author accuses some firms of bribing unscrupulous academics to put forward compelling arguments hereby they could block proposals to create mandatory audit rotation.