The switch to IFRS in Europe opens the opportunities to investigate the relationship between a drastic change in the complexity of financial reporting standards and the audit market dynamics. Following concerns that mandated IFRS may have increased the domination of the global audit firms, we...

Policy makers have considered joint-audits as a solution to mitigate the audit market concentration and the “systemic” risk associated with Big 4 auditors. Using the French system as a relevant joint-audit laboratory, we implement a Markovian analysis to infer the long-term market structure...

While the global auditing services market is presently dominated by a group of four auditing firms (Big Four) namely Deloitte, Ernst & Young (EY), KPMG and PricewaterhouseCoopers (PwC), the auditing profession in Malaysia offers several exceptions in the audit of public-listed companies (PLCs)....

Recently, a system of audit firm rotation has been implemented for the audits of listed companies conducted in the EU. In the US, in contrast, the regulator decided against such rotation. Whereas proponents argue that rotation would strengthen independence and decrease audit market...

Purpose: Deconcentrating the audit market was one of the stated objectives of the proposed mandatory audit firm rotation (MAFR) ruling in South Africa. With MAFR being a contentious topic, this study aimed to explore the possible effect of MAFR on audit market concentration in South Africa in...

The extant auditing literature documents an inconsistent relationship between audit fees and market concentration. In this paper, we argue that the impact of market concentration on audit fees is auditor and auditee specific. Based on the fact that the audit services to an auditee are generally...