Purpose – The purpose of the paper is to develop, test, and improve a structural equation model (SEM) of client satisfaction with the audit, and of client perception of the usefulness of the audit to external stakeholders. Design/methodology/approach – A questionnaire was mailed to audit...

Purpose – The purpose of the paper is to develop, test, and improve a structural equation model (SEM) of client satisfaction with the audit, and of client perception of the usefulness of the audit to external stakeholders. Design/methodology/approach – A questionnaire was mailed to audit...

This article is a comment on the paper by Spirtes, Scheines, and Glymour. The problem of equivalent models is discussed. The conclusion of the authors that the automatic model modification procedure in LISREL performs poorly may be due to the fact that all equivalent models are not counted as...