... find that changes in the industry market leader are due to factors external to the auditor, such as industry entry by clients and client growth, rather than auditor changes. There is little evidence that auditors attain market dominance by attracting new clients due to their pre-existing industry...

...). Editor's note: Accepted by John Harry Evans III. April 2013 September 2014 2015 audit fees auditor changes audit quality This paper examines the association between audit firm and partner changes, initial year audit fee discounting, and audit...