Article suivant

The OECD holds a roundtable on competition and regulation in auditing and related professions

In light of the written submissions, the background note and the oral discussion, the following points emerge: (1) Market developments In the late 1980s there were eight major accounting firms that provided few services other than auditing. Since 2003 there have been only four firms that audit the far majority of large public companies and that derive significant portions of income from non-auditing services. Reasons for this consolidation are related to the characteristics of the profession (accounting firms need to be big in order to compete), but also include litigation risks, insurance costs and conflict of interest rules. In twenty years, half of the Big Eight accounting firms have disappeared from the market, as a result of a series of mergers and one corporate/accountancy

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteur

  • OECD - Competition Division

Citation

OECD, The OECD holds a roundtable on competition and regulation in auditing and related professions, 1er janvier 2009, e-Competitions January 2009, Art. N° 85658

Visites 42

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues