Changes in European and Australian companies when they choose a 'Big 5' auditor?

Wanda Wallace

European Management Journal, 1998, vol. 16, issue 6, 653-659

Abstract: Empirical profiling of 193 companies in six countries that choose to change auditors to a 'Big 5' firm permits managers who are responsible for such decisions to benchmark their financial context. In particular, the level of debt, returns, and taxes observed when companies choose to change auditors to a Big 5 firm are quantified, as are the significant changes observed in size, dividends, and the operating income-to-total capital ratio. Of particular interest are reasonably consistent declines in 5-year average effective interest incurred post-change.

Date: 1998
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