Long‐Term Concentration in the Dutch Audit Market: The Use of Auditor Association Membership Lists in Historical Research

Long‐Term Concentration in the Dutch Audit Market: The Use of Auditor Association Membership... This article provides an empirical description of the complete Dutch audit market from its inception, in the late nineteenth century, to the present day. Specifically, it documents the development of the structure of the Dutch audit industry in terms of the number of audit firms and the audit firm size distribution. The audit firm size measure used is the number of auditors affiliated with an audit firm. Central in the collection of the audit firm data are the membership lists of Dutch auditor associations. These, with additional information from Dutch financial directories, permit the calculation, with two‐year intervals, of the size of each existing audit firm with the number of auditors as firm‐size measure. The data so obtained give the opportunity to extend existing research on audit market concentration. The level of concentration in the Dutch audit market is determined over a long period, at a large number of points in time. The results show concentration levels that are low and stable for a long period. Only in the past two decades have these levels increased substantially. Potential explanations for this pattern are: (a) increasing regulation of the demand side of the Dutch audit market, (b) increasing technological complexity of the audit process, (c) increasing (international) client concentration, and (d) mergers of the international affiliates of the Dutch audit firms. The article concludes that auditor association membership lists provide a rich data set and create other opportunities for further historical audit (market) research. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Abacus Wiley

Long‐Term Concentration in the Dutch Audit Market: The Use of Auditor Association Membership Lists in Historical Research

Loading next page...
 
/lp/wiley/long-term-concentration-in-the-dutch-audit-market-the-use-of-auditor-0xQ0XVzFFn
Publisher
Wiley
Copyright
Copyright © 1995 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0001-3072
eISSN
1467-6281
DOI
10.1111/j.1467-6281.1995.tb00360.x
Publisher site
See Article on Publisher Site

Abstract

This article provides an empirical description of the complete Dutch audit market from its inception, in the late nineteenth century, to the present day. Specifically, it documents the development of the structure of the Dutch audit industry in terms of the number of audit firms and the audit firm size distribution. The audit firm size measure used is the number of auditors affiliated with an audit firm. Central in the collection of the audit firm data are the membership lists of Dutch auditor associations. These, with additional information from Dutch financial directories, permit the calculation, with two‐year intervals, of the size of each existing audit firm with the number of auditors as firm‐size measure. The data so obtained give the opportunity to extend existing research on audit market concentration. The level of concentration in the Dutch audit market is determined over a long period, at a large number of points in time. The results show concentration levels that are low and stable for a long period. Only in the past two decades have these levels increased substantially. Potential explanations for this pattern are: (a) increasing regulation of the demand side of the Dutch audit market, (b) increasing technological complexity of the audit process, (c) increasing (international) client concentration, and (d) mergers of the international affiliates of the Dutch audit firms. The article concludes that auditor association membership lists provide a rich data set and create other opportunities for further historical audit (market) research.

Journal

AbacusWiley

Published: Sep 1, 1995

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off