Introduction Knowledge about European accounting is becoming steadily more necessary and more useful to accountants and businessmen. One of the reasons for this is the growth of large multi‐national companies and the prevalence of European subsidiaries even among fairly small British...

This study examines the interactive effects of change in managing director/chief executive officer (MD) and financial distress together with five control variables (type of audit firm; audit fees; gearing; time; and company size) on first, audit opinion and secondly on auditor switching. Based on...