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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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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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The author accuses some firms of bribing unscrupulous academics to put forward compelling arguments hereby they could block proposals to create mandatory audit rotation.
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In line 8, “bean-counters” is a derogatory expression used to describe second-class accountants who deal specifically with agribusiness.
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If the expression “for all the” (L.6) were replaced by despite the, the text would still be correct and the meaning of the sentence would be maintained, something that would not occur if it were replaced by if there is.



