Industry insight into the auditor change process

The auditor selection process at two multinational corporations, Praxair Inc. and Tyco International Ltd., focused on compatibility and corporate culture more than fees. Requirements included locations near various corporate locations and value-added services available. The final decisions were made...

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Bibliographic Details
Published in:Journal of Accountancy 1996-06, Vol.181 (6), p.76
Main Author: Fleming, Peter D
Format: Magazinearticle
Language:English
Subjects:
Accounting and auditing
Auditing
Auditing profession
Auditor changes
Auditors
Audits
Brewer, Robert H
Corporations
Cost control
CPAs
Criteria
Erickson, Bonnie L
Fees & charges
Internal controls
Management
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Summary:The auditor selection process at two multinational corporations, Praxair Inc. and Tyco International Ltd., focused on compatibility and corporate culture more than fees. Requirements included locations near various corporate locations and value-added services available. The final decisions were made based on chemistry and philosophy. Information provided by the predecessor auditors was essential to the new auditors making informed proposals to the corporations.
ISSN:0021-8448
1945-0729