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Argue or defend the statement made by DeAngelo (1981) with regards to issue of auditor size and reputation. DeAngelo claims that bigger audit firms have

Argue or defend the statement made by DeAngelo (1981) with regards to issue of

auditor size and reputation.

DeAngelo claims that bigger audit firms have greater reputation capital compared with smaller firms because of the aggregate audit income accrued to them from other audit clients.

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