The issue on independence is major cause of public accounting firm turnover. This study is aimed at examining whether financial distress, management rotation, prior audit opinion, firm profitability, and client’s firm size influence a bank in doing public accounting firm turnover. The samples of this research are banking firms listed in the Indonesia Stock Exchange in the period of 2009 – 2014. The data were obtained from the annual reports and financial statements of the firms in banking sectors listed in the Indonesia Stock Exchange. The samples are as many as 15 banks. The data were analyzed using multinominal logistic regression. The results have shown that financial distress variable significantly influenced the Upgrade Public Accounting Firm Turnover and did not significantly influence the Samegrade Public Accounting Firm Turnover. Meanwhile, the firm profitability variable influenced the Upgrade and Samegrade Public Accounting Firm Turnover. The management rotation variable, the firm size, and the prior audit opinion variables did not significantly influence the Public Accounting Firm Turnover.