It is known in the commercial world that the auditing industry for the world is dominated by Big 4 audit firms, namely: Deloitte, Ernst & Young, KPMG and Pricewaterhouse Coopers (PWC). The number of listed companies (including most of the blue chip corporates) are audited by Big 4. The audit fees charged by Big 4 are usually higher than other non-big 4 audit firms (i.e. there is a premium on Big 4's audit fee).
What are the reasons for Big 4 to command a premium on its audit fees? Have you thought about it? We encourage our readers to submit their answers to us, such that we can discuss the value of engaging a Big 4 as audit firm together.
You may leave a comment to the blog post or send the email to our account: myauditing@gmail.com
What are the reasons for Big 4 to command a premium on its audit fees? Have you thought about it? We encourage our readers to submit their answers to us, such that we can discuss the value of engaging a Big 4 as audit firm together.
You may leave a comment to the blog post or send the email to our account: myauditing@gmail.com
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