Table 1

Sample composition

Financial year201520162017201820192020
Total number of companies listed on the Johannesburg Stock Exchange340345345342325299
Number of audit firm replacements (Percentage, based on 223 audit firm replacements in 2015–2020)28 (12.56%)34 (15.25%)33 (14.80%)36 (16.14%)49 (21.97%)43 (19.28%)
Number companies audited by Big 4 audit firms (Percentage, based on listed companies per annum)227 (66.76%)236 (68.41%)243 (70.43)239 (69.88%)220 (67.69%)202 (67.56%)
Number of companies disclosing current year audit fees (Percentage, based on listed companies per annum)302 (88.8%)299 (86.7%)295 (85.5%)290 (84.8%)278 (85.5%)250 (83.6%)
Source(s): Authors’ own creation

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