during various stages of this research by the University of Washington Accounting Development Fund and the Professional Accounting Program at the University of California, Berkeley. [Accepted for publication October 1985.] 1 For the purposes of this study, the audit services market is confined to the domestic market and the Big Eight are defined in terms of this market as the following firms: Arthur Andersen & Co. (AA), Arthur Young (AY), Coopers & Lybrand (CL), Deloitte Haskins & Sells (DHS), Ernst…
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