International Journal of Accounting and Taxation

The “Big Four” and “Sai”– A Case Study on the Management of Financial Audit Independence
Ioan Gheorghe Tara

Abstract
The process of financial auditing and the auditors themselves must be independent and perceived as such. We analysed a sample of the companies that received financial auditing by the Big Four auditing firms in Romania and that parallel a sample of Romanian Court of Accounts audited companies. The conclusion suggests a difference in the audit opinion of these two groups, which might be the result of direct payment for contracted services or of the lack of such a connection. The lack of any moneyed connection between the auditor and the audited would improve financial audit independence.

Full Text: PDF     DOI: 10.15640/ijat.v2n3a5