GEM is the best example. The new chair and board announced they will move to a top 3 auditor, even though they had no complaints with the current one, a more local firm. It came down to perception.
Ironically, i read a study around that time that the top 3 global auditors had more ethical or performance problems than mid tier auditors.
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GEM is the best example. The new chair and board announced they...
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