The big four auditors look set to retain their stranglehold on large listed company audits even though over half of client companies do not rank their current auditor as their first choice.
The report connected with this story identified two key factors benefiting the auditor:
1. Knowledge of the sector and the extent to which the auditor knows and understands the client's business.
2. Complex stakeholder landscapes remain unchanged. This can be beneficial as auditors need to be won over and committee members are hard to be convinced to change auditors espeically if there is no apparent reason to do so.
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https://www.accountancydaily.co/majority-client-companies-dissatisfied-big-four-auditor
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