Article
Consolidation and Competition in Public Accounting: An Analysis of the GAO Report
CPA Journal
(2005)
Abstract
Analyzes the report "Public Accounting Firms: Mandated Study on Consolidation and Competition," which focused on the implications of the mergers of accounting firms of Ernst & Young, Deloitte & Touche, KPMG and PricewaterhouseCoopers for smaller firms, released by the U.S. General Accounting Office in July 2003. Status of the competition among audit firms; Limitations of a pure-competition model of the audit market structure which was used to address the observed concentration in the market for audit services; Impact of the merger on public companies.
Disciplines
Publication Date
June 20, 2005
Citation Information
Robert Bloom and David Schirm. "Consolidation and Competition in Public Accounting: An Analysis of the GAO Report" CPA Journal Vol. 75 Iss. 6 (2005) Available at: http://works.bepress.com/robert_bloom1/16/