MARKET POWER AND ECONOMIC CONCENTRATION IN THE FINANCIAL AUDITING SERVICES OF THE WORLD

The objective of this work is to make an extensive review of the main research published in the international literature on the relationship between market power and economic concentration in the market for professional services of financial audit for a few audit firms. The methodology used to condu...

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Bibliographic Details
Published in:Revista universo contábil 2014-03, Vol.10 (1), p.145-165
Main Authors: Toscano Moctezuma, Juan Alfonso, García Benau, María Antonia, Montano Durán, Carlos Eduardo, Álvarez González, Carmen Lucila
Format: Article
Language:English
Subjects:
Accounting firms
Audited financial statements
Auditing
Audits
Economic concentration
Economic theory
Qualitative research
Studies
Online Access:Get full text
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Summary:The objective of this work is to make an extensive review of the main research published in the international literature on the relationship between market power and economic concentration in the market for professional services of financial audit for a few audit firms. The methodology used to conduct this qualitative research has an important theoretical foundation, since it is based on a thorough literature review of the most relevant theoretical and conceptual approaches to international literature. The results indicate that in the market of financial audit there is a significant relationship between economic concentration and market power held by a few service providers of financial service firms audit, specifically under the control of the Big 4 audit firms.
ISSN:1809-3337
1809-3337
DOI:10.4270/ruc.2014108