The Antigua-based WICB said Thursday its decision was in response to a formal call from the Guyana Cricket Board (GCB) for the regional cricketing authority to conduct "an evaluation of the performance of the imported coaching staff."
It said its concerns centred on whether the coaching team's one million dollar annual salary was reflected in the Caribbean cricket team's performance.
A four-man team, three of whom played for the West Indies, has been appointed to conduct the evaluation and submit a report to the WICB by February 15, the regional board said.
Headed by Jackie Hendriks, the team includes Deryck Murray, Desmond Haynes and Enoch Lewis.
The WICB said the team would review the conditions of employment that relate to the imported coaching staff and to evaluate results achieved to date as well as advise whether in the committee's view the results justified the investment.
King's all-Aussie team includes the coach, manager, assistant manager, physiotherapist and trainer.
King was appointed coach in October 2004 and since then the West Indies have won only one game, a Test match against Pakistan in the Caribbean last year.
The down-turn of the West Indies' performance against other international cricketing nations dates back to 1995 when, under the captaincy of Richie Richardson, the Caribbean lost the Sir Frank Worrell trophy to Australia.