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This paper analyzes the factors driving auditor choice in Spanish listed companies. Besides complexity and size of the audited company, there are other reasons explaining the profile of the auditing firm chosen, such as the need to disclose among market participants accounting information endorsed by a reputed auditor, or the desire to mitigate existing agency conflicts. Our analysis focuses primarily on the latter, as well as on the analysis of the impact of Corporate Governance practices-regarding the size, composition and activity of the Board and the Audit Committee-, on the decision to hire a quality and highly reputed auditor. We find evidence that the demand for quality auditors is explained not only by the desire to mitigate potential agency conflicts and avoid associated costs, but also in terms of the adoption of Corporate Governance good practices, an issue ignored by previous studies. Leverage, the …