Jeff Connaughton’s new book, “The Payoff: Why Wall Street Always Wins”, is a must read during the Presidential election season.
The Big 4 audit firms prefer to contribute to candidates who are in powerful positions rather than focus on their party politics. It’s purely opportunistic largesse. They typically donate heavily to those in legislative leadership positions and to those in the position to take over leadership roles.
To use a hockey metaphor: The audit firms put their money more often where the puck is rather than where it’s going and hardly ever chase the puck for strictly ideological reasons.