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Article
An Analysis of the GAO Study on Audit Market Concentration
CPA Journal (2008)
  • Robert Bloom, John Carroll University
  • David Schirm, John Carroll University
Abstract

The author reflects on the recent study by the U.S. Government Accountability Office which evaluated the market concentration for audits of public companies. He states that the analysis of concentration in the market for public company audits followed the preferred practice of determining the proportion of each audit firm's share of revenues collected from audit clients. He adds that the study found a lack of significant adverse effect of concentration in the current environment and that no clear consensus exists on how to reduce concentration.

Disciplines
Publication Date
April, 2008
Citation Information
Robert Bloom and David Schirm. "An Analysis of the GAO Study on Audit Market Concentration" CPA Journal Vol. 78 Iss. 4 (2008)
Available at: http://works.bepress.com/robert_bloom1/11/