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References (3)
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Jere Francis, Donald Stokes, Don Anderson (1999)
City Markets as a Unit of Analysis in Audit Research and the Re‐Examination of Big 6 Market SharesAbacus, 35
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Christopher Pong (1999)
Auditor Concentration: A Replication and Extension for the UK Audit Market 1991–1995Journal of Business Finance & Accounting, 26
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The effect of accounting firm mergers on international markets for accounting servicesJournal of International Accounting, Auditing and Taxation, 8
- Publisher
- Wiley
- Copyright
- The Accounting Association of Australia and New Zealand, 2002
- ISSN
- 0810-5391
- eISSN
- 1467-629X
- DOI
- 10.1111/1467-629X.00014
- Publisher site
- See Article on Publisher Site
Abstract
Concerns have been raised about the impact of the PricewaterhouseCoopers (PwC) merger on the structure of and competition in the audit and assurance services market in Australia. The market share of publicly listed companies for audit firms for each industry category pre– and post–merger is examined in this paper to ascertain levels of auditor concentration. Using the approach outlined by the Australian Competition and Consumer Commission a decrease in the level of competition is identified. However, when using another generally accepted concentration measure, the Herfindahl Index, the merger is found to not necessarily decrease competition. In fact, for a number of industry sectors a more equitable spread of clients between the main audit firms was achieved.
Journal
Accounting & Finance – Wiley
Published: Jun 1, 2002