(DHS), Ernst & Whinney (EW), Peat, Marwick, Mitchell & Co. (PMM), Price Waterhouse & Co. (PW), and Touche Ross (TR). 2 Simunic [1980] used two indicator variables, one for PW auditees and one for the remaining seven (B7) audit firms' clients. In regressions considering differences in the substitution of auditee for auditor inputs, coefficients for the B7 variable were not signifi97 Copyright?, Instituteof ProfessionalAccounting1986 This content downloaded from 129.11.21.2 on Fri, 13 Mar 2015 19:44:58…
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