Considerations Related to Listed Entities Preference to be Audited by Large Audit Firms
Author:
Master Student George Silviu CORDOȘ, Assistant Melinda Timea FÜLÖP, Ph. D.,
JEL:
M41, M48, M40, M41
DOI:
Keywords:
external audit, audit report, opinion, listed companies, Big Four
Abstract:
The economic crisis and changes in regulations as response to economic deficiencies and corporate governance failures brought by the economic recession have taken a toll on financial audit as well. This article examines the preference of listed companies of choosing an audit partner from the big audit firm group. The authors have structured their study in five parts: the first and third part focuses on recent literature reviews on this subject; in the second part is shown the working method; next, it is presented an empirical study for the years 2008-2012 that compares data collected from Romania and the UK regarding listed companies audit partners; the last part is reserved for conclusions.\r\n\r\n