L5 Notes_Part_3 - Factors Leading Clients to Switch Audit Firms Why might a client switch auditors According to 8-Ks 20 96 lower audit fee 14 68

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© W.R. Knechel Factors Leading Clients to Switch Audit Firms Why might a client switch auditors? According to 8-K’s 20% 96 lower audit fee 14% 68 service 12% 63 time for a change or rotation policy 10% 56 merger and acquisition 10% 53 personality 10% 53 need bigger firm 9% 40 location 9% 38 CPA resigned account 9% 37 company insolvent 6% 29 excellent proposal 5% 24 recommendation of shareholder, director or employee 4% 19 accounting disagreement 3% 17 new company officers 3% 14 followed engagement partner to new firm 3% 9 recommendation of underwriter 1% 4 fee dispute 1% 4 excessive audit staff turnover 1% 3 litigation against firm .1% 2 need smaller firm .05% 1 qualified opinion
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© W.R. Knechel Professional Conduct A. You have worked on an
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L5 Notes_Part_3 - Factors Leading Clients to Switch Audit Firms Why might a client switch auditors According to 8-Ks 20 96 lower audit fee 14 68

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