paper reviews microeconomic tender theory and finds it to be of limited value in the audit context. Content analysis of semi …Competitive pressures in the audit market have led to aggressive fee renegotiation and tendering by companies. This … decision to change auditors, rather changes within the client company, audit staffing, and auditor’s professionalism and …

messages conveyed by review and audit reports. Concern has been expressed about the ability of different groups to … assurance than audit reports. Users placed less responsibility on the auditor with a review, whilst preparers did not perceive …

”, auditors gave significantly less emphasis to functions relating to: being independent; publicly communicating audit findings … placed significantly more emphasis on providing management advisory services to audit clients. The significant changes in … auditor behaviour are linked to the economic dependence of auditors on audited companies which resulted from the audit reform …