Deakin University
lombardi-anexploratorystudy-2007-1.pdf (86.58 kB)

An exploratory study into the accountancy firms chosen by industrial company IPOS in Australia from 1994 to 2004

Download (86.58 kB)
conference contribution
posted on 2007-01-01, 00:00 authored by Luisa Lombardi, Bill Dimovski
This study is an exploration into the choice of independent accountants made by industrial initial public offering (IPO) companies in Australia between the years 1994 to 2004. The aim of this research is to determine which companies are more likely to use one of the Top 5 accountancy firms and in so doing we seek to offer some insight into understanding the likelihood of IPO companies adopting the services of the big accounting firms. Our findings show, as predicted, that the majority of industrial IPO companies, and particularly the larger companies, used one of the Top 5 accountancy firms as their independent accountant. However, unexpected was that certain industry types were less likely to hire a Top 5 accounting firm for their independent accounting services compared to other industry categories. Our studies also found that after the year 2000 a smaller percentage of companies used independent accountants than between 1994 and 1999. Many factors contribute to the selection of an independent accountant and this paper provides some understanding of identified factors and the influence that they have over the choice of independent accountants by industrial company IPOs.



International Conference on Business and Information (2007 : Tokyo, Japan)


Academy of Taiwan Information Systems Research


Tokyo, Japan

Place of publication


Start date


End date







Every reasonable effort has been made to ensure that permission has been obtained for items included in Deakin Research Online. If you believe that your rights have been infringed by this repository, please contact

Publication classification

E3 Extract of paper

Copyright notice

2007, Academy of Taiwan Information Systems Research

Title of proceedings

BAI 2007 : Proceedings of Business and Information Volume 4

Usage metrics

    Research Publications


    No categories selected