Question
Most of the global fortune 5000companies are audited by Big 4 accounting firms (Deloitte, E&Y, KPGM and PwC). Economic changes can affect how clients select
Most of the global fortune 5000companies are audited by Big 4 accounting firms (Deloitte, E&Y, KPGM and PwC). Economic changes can affect how clients select their assurance providers.
Required:
1. In the time of economic hardship or recession, such as COVID-19, would you expect the demand for audits to increase or decrease?
2. Would you expect clients to shift from big 4 auditors to mid-tier auditors, or from mid-tier auditors in times of economic recession? Why or why not?
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
