PODER DE MERCADO E CONCENTRAÇÃO ECONÔMICA DOS SERVIÇOS DE AUDITORIA FINANCEIRA DO MUNDO
Palavras-chave:
concentração econômica, poder de mercado, auditoria financeiraResumo
O objetivo deste trabalho é fazer uma extensa revisão das pesquisas mias importantes publicadas na literatura internacional sobre a relação entre poder e concentração econômica no mercado de serviços profissionais de auditoria financeira para auditoria de algumas empresas. A metodologia utilizada para realizar esta pesquisa de natureza qualitativa contém um substrato teórico importante, como é baseado em uma revisão completa do documentário das abordagens teóricas e conceituais mais relevantes para a literatura internacional. Os resultados indicam que no mercado de auditoria financeira, existe uma relação significativa entre a concentração econômica e de poder de mercado que possuem algumas empresas de serviço de auditoria financeira, em especial sob o domínio das quatro grandes empresas de auditoria.Downloads
Referências
ACCOUNTANCY AGE - DTI investigates big four´s dominance, Accountancy Age, 2005. Available at: <http://www.accountancyage.com/big-three-dti-asks>.
AMERICAN ASSEMBLY REPORT - The Future of the Accounting Profession: Auditor Concentration, 2005.
ASTHANA, S.; BALSAM, S.; KIM, S. The effect of Enron, Andersen, and Sarbanes-Oxley on the market for audit services, 2004. Available at: <http://ssrn.com/abstract=560963>. http://dx.doi.org/10.2139/ssrn.560963
BALLAS, A.; FAFALIOU I. Market shares and concentration in the EU auditing industry: The Effects of Andersen’s Demise, International Advances in Economic Research, v. 14, n. 4, p. 485-497, 2008. http://dx.doi.org/10.1007/s11294-008-9167-6
BAMBER, M.; BAMBER, L.; SCHODERBEK, M. Audit Structure and other Determinants of Audit Report Lag: An Empirical Analysis, Auditing, v. 12, n. 1, p. 1-23, 1993.
BASKERVILLE, R.; HAY D. The Effect of Accounting Firm Mergers on the Market for Auditory Services: New Zealand Evidence, Abacus, v. 42, n. 1. p. 87-104, 2006. http://dx.doi.org/10.1111/j.1467-6281.2006.00186.x
BEATTIE, V.; FEARNLEY, S. The Changing Structure of the Market for Audit Services in the UK–A Descriptive Study, British Accounting Review, v. 26, December, p. 301-322, 1994. http://dx.doi.org/10.1006/bare.1994.1021
BEATTIE, V.; GOODACRE A.; FEARNLEY S. And then there were four: A study of UK audit market concentration - causes, consequences and the scope for market adjustment, Journal of Financial Regulation and Compliance, v. 11, n. 3, p. 250-265, 2003. http://dx.doi.org/10.1108/13581980310810561
BUIJINK, W. F.; MAIJOOR, S. J.; MEUWISSEN, R. H. Competition in auditing: Evidence from entry, exit and market share mobility in Germany versus The Netherlands, Contemporary Accounting Research, p. 385-404, 1998. http://dx.doi.org/10.1111/j.1911-3846.1998.tb00565.x
CABRAL, L. Economía industrial, McGraw-Hill, Madrid, 1997.
CAMPBELL, T.; MCNIEL, D. Stochastic and Nonstochastic Determinants of Changes in Client-Industry Concentrations for Large Public-Accounting Firms, Journal of Accounting and Public Policy, n. 1, p. 317-328, 1985. http://dx.doi.org/10.1016/0278-4254(85)90005-5
CASTERELLA, J. R.; FRANCIS J. R.; LEWIS, B. L.; WALKER, P. L. Auditor industry specialization, client bargaining power and audit pricing, Auditing, A Journal of Practice and Theory, v. 23, n. 1, p. 123-140, 2004.
CHEVALIER, J. M. La economía industrial en cuestión. H. Blume, Madrid Ed. 1979.
CHOI, M. S.; ZEGHAL, D. The effect of accounting firm mergers on international markets for accounting services, Journal of International Accounting, Auditing and Taxation, v. 8, n. 1, p. 1-22, 1999. http://dx.doi.org/10.1016/S1061-9518(99)00002-6
CHRISTIANSEN, M.; LOFT, A. Big players and small players: A Study of increasing concentration in the Danish market for auditing services, The European Accounting Review, p. 277-302, 1992. http://dx.doi.org/10.1080/09638189200000024
CLARKSON K. W.; MILLER R. L. Industrial Organization: Theory, evidence, and public policy, McGraw-Hill, E.E. U.U. 1982.
COMISIÓN EUROPEA - LIBRO VERDE Política de auditoria: lecciones de la crisis, Bruselas, 13.10.2010 COM(2010) 561 final, p. 17-24, 2010.
DANOS, P.; EICHENSEHER, J. Audit Industry Dynamics: Factors Affecting Changes in Client Industry Market Shares, Journal of Accounting Research, v. 20, p. 604-616, 1982 Autumn. http://dx.doi.org/10.2307/2490888
DANOS, P.; EICHENSEHER, J. Long-Term Trends Toward Seller Concentration in the U. S. Audit Market, The Accounting Review, v. 61, n. 4, p. 633-650, 1986.
DE BEELDE, I. An Exploratory Investigation of Industry Specialization of Large Audit Firms, The International Journal of Accounting, v. 32, n. 3, p. 337-355, 1997. http://dx.doi.org/10.1016/S0020-7063(97)90015-7
DOOGAR, R.; EASLEY, R. F. Concentration without differentiation: A new look at the determinants of audit market concentration. Journal of Accounting and Economics, v. 25, p. 235-253, 1998. http://dx.doi.org/10.1016/S0165-4101(98)00027-5
DOPUCH, N.; SIMUNIC, D. The Nature of Competition in the Auditing Profession: A Descriptive and Normative View, Regulation and the Accounting Profession, Buckley, J. W. y Weston, J. F. Lifetime Learning Publications, p. 77-94, 1980.
DOUGLAS F. G. Industrial organization and public policy, Macmillan Publishing Co. Inc. 1980.
EICHENSEHER, J.; DANOS, P. The Analysis of Industry-Specific Auditor Concentration: Towards an Explanatory Modelâ€, The Accounting Review, v. 56, n. 3, p. 479-492, 1981.
ELLIOT, R.; KORPI, A. Factors Affecting Audit Fees, Recogido en Cost-Benefit Analysis of Auditing, Editor M. F. Shakun, New York, AICPA, 1978.
FRANCIS, J.; STOKES, D.; ANDERSON, D. City Markets as a Unit of Analysis in Audit Research and the Re-examination of Big 6 Market Shares, Abacus, v. 35, n. 2, p. 185-206, 1999. http://dx.doi.org/10.1111/1467-6281.00040
GENERAL ACCOUNTING OFFICE (GAO) Public Accounting Firms: Mandated Study on Consolidation and Competition, retrieved July 3rd, 2003. From: <http://www.gao.gov>.
GARCÍA-AYUSO, M.; SANCHEZ, A. Un Análisis Descriptivo del Mercado de la Auditoría y de los Informes Emitidos por las Grandes Empresas Españolas. Revista Técnica, Número Monográfico, v.3, n. 99, p. 41-52, 1999.
GARCÍA-BENAU, M. A.; RUIZ BARBADILLO, E.; VICO MARTÍNEZ, A. Análisis de la estructura del mercado de servicios de auditoría en España. VI Premio de investigación Contable “José María Fernández Pirla”. ICAC, Ministerio Economía y Hacienda, Madrid, 1998.
GARCÍA-BENAU, M. A.; NOVEJARQUE C. J. Europa quiere potenciar la competencia en el mercado de auditoría, Partida Doble, núm. 207, p. 82-90, febrero 2009.
GILLING, D. M.; STANTON, P. J. Changes in the structure of the Auditing profession in Australiaâ€, Abacus, p. 66-79, 1978. http://dx.doi.org/10.1111/j.1467-6281.1978.tb00058.x
HAMILTON, J.; LI, Y.; STOKES, D. Is the audit services market competitive following Arthur Andersen’s collapse?, Accounting and Finance, v. 48, n. 2, p. 233-258, 2008. http://dx.doi.org/10.1111/j.1467-629X.2007.00242.x
IYER, V.; IYER, G. Effect of Big 8 Mergers on Audit Fees: Evidence from the United Kingdomâ€, Auditing: A Journal of Practice & Theory, v. 15, n. 2, p. 123-132, 1996.
JOHNSON, E.; WALKER, K.; WESTERGAARD, E. Supplier Concentration and Pricing of Audit Services in New Zealand, Auditing: A Journal of Practice & Theory, n. 2, p. 74-89, 1995.
KWON, S.Y. The Impact of Competition within the Client’s Industry on the Auditor Selection Decision, Auditing: A Journal of Practice & Theory, v. 15, n. 1, p. 53-70, 1996.
LEE, D. S. (1994): Further evidence of auditor concentration: the case of a growing market, The International Journal of Accounting, n. 29, p. 234-250.
MAIJOOR, S.; BUIJINK, W.; WITTELOOSTUIJN, A.; ZINKEN, M. Long-Term Concentration in the Dutch Audit Market: The Use of Auditor Association Membership List in Historical Researchâ€, Abacus, v. 31, n. 2, p. 152-177, 1995. http://dx.doi.org/10.1111/j.1467-6281.1995.tb00360.x
MARTEN, K. Developments in concentration on the German audit market Copenhagen, Workshop on Auditor Regulation in Europe. EIASM, Copenhagen, 1997.
MCMEEKING, K.P. Competition in the UK accounting services market, Managerial Auditing Journal, v. 22, n. 2, p. 197-217, 2007. http://dx.doi.org/10.1108/02686900710718681
METCALF REPORT (1976): The Accounting Establishment: A Staff Study. U.S. Senate Committee On Government Operations, Re-impreso en The Journal of Accountancy, p.89-96, January 1978.
MINYARD, D. H.; TABOR R. H. The Effect of Big Eight Mergers on Auditor Concentration, Accounting Horizons, v. 5, p. 79-90, 1991.
MOIZER, P.; TURLEY, S. Surrogates for audit fees in concentration Studies, Auditing: A Journal of Practice & Theory, v. 7, n. 1, p. 118-123, 1987.
MOIZER, P.; TURLEY, S. Changes in the UK Market for Audit Services: 1972-1982, Journal of Business Finance and Accounting, v. 16, p. 41-53, 1989. http://dx.doi.org/10.1111/j.1468-5957.1989.tb00003.x
NARASIMHAN, R.; CHUNG, S. Auditor Concentration of Listed Public Companies on Internacional Stock Exchanges, Journal of International Financial Management and Accounting, p. 201-215, 1998. http://dx.doi.org/10.1111/1467-646X.00037
NIEVES CARRERA, M.; GUTIÉRREZ, I.; CARMONA, S. Concentración en el Mercado de Auditoría en España: Análisis Empírico del Período 1990-2000, Revista Española de Financiación y Contabilidad, v. XXXIV, n. 125, p. 423-457, abril-junio 2005. http://dx.doi.org/10.1080/02102412.2005.10779552
OXERA REPORT Competition and choice in the UK audit market, Prepared for Britain’s accounting regulator, (FRC) and the Department of Trade and Industry, p. 01-152, 2006.
PALMROSE, Z. Audit fees and auditor size: Further evidence, Journal of Accounting Research, v. 24, n. 1, p. 97-110, 1986. http://dx.doi.org/10.2307/2490806
PEEL, M. J. UK Auditor Concentration: A Descriptive Note, Accounting and Business Research, v. 27, n. 4, p. 311-322, 1997.
PONG, C. K. P. Auditor Concentration: A Replication and Extension for the UK Audit Market (1991-1995), Journal of Business Finance and Accounting, v. 26, n. 3-4, p. 451-475. 1999. http://dx.doi.org/10.1111/1468-5957.00263
QUICK, R.; WOLZ, M. Concentration on the German Audit Market-An Empirical Analysis of the Concentration on the German Market for Stock Corporation Audits, International Journal of Auditing, v. 3, p. 175-189, 1999.
REYNOLDS, J.; FRANCIS, J. Does Size Matter? The Influence of Large Clients on Ofice-Level Auditor Reporting Decisions, Journal of Accounting and Economics, v. 30, p. 375-400, 2001. http://dx.doi.org/10.1016/S0165-4101(01)00010-6
RHODE, J.; WHITSELL, G.; KELSEY, R. An Analysis of Client Industry Concentrations for Large Public Accounting Firmsâ€, The Accounting Review, v. 49, n. 4, p. 772-786, 1974.
RODRIGUEZ P. J. Ranking de auditores Argentina, Revista Mercado, Disponible em: <http://www.mercado.com.ar/>. 2005.
SALOP, S.C. Practices that (Credibly) facilitate oligopoly coordination. In J. Stiglitz, & F. Mathewson (Eds.), New developments in the analysis of market structure, p. 265-290, 1986. Cambridge, Mass: The MIT.
SARBANES-OXLEY ACT Corporate Responsibility Public Law, 107th Congress of the United States, p. 107-204, 2002.
SCHAEN, M.; MAIJOOR, S. The Structure of the Belgian Audit Market: the Effects of Clients’ Concentration and Capital Market Activity, International Journal of Auditing, v. 1, n. 2, p. 151-162, 1997.
SIMUNIC, D. The Pricing of Audit Services: Theory and Evidence, Journal of Accounting Research, v. 18. n. 1, p. 161-190, 1980. http://dx.doi.org/10.2307/2490397
THAVAPALAN, S.; MORONEY, R.; SIMNETT, R. The Effect of the PricewaterhouseCoopers Merger on Auditor Concentration in Australia: A Note. Accounting and Finance, v. 42, p. 153-167, 2002. http://dx.doi.org/10.1111/1467-629X.00014
TOMCZYK, S.; READ, W. J. Direct Measurement of Supplier Concentration in the Market for Audit Services, Auditing: A Journal of Practice & Theory, v. 9, n. 1, p. 98-106, 1989.
TONGE, S.D.; WOOTTON, C.W. Auditor Concentration and competition Among the Large Public Accounting Firms: Post-Merger Status and Future Implications, Journal of Accounting and Public Policy, v. 10, p. 157-172, 1991. http://dx.doi.org/10.1016/0278-4254(91)90010-H
TOSCANO MOCTEZUMA, J.A.; GARCÍA-BENAU, M.A. La concentración en el mercado de auditoría en México: Análisis empírico del período 2001-2005, XIII Encuentro de ASEPUC, p. 1-22, 13,14 y 15 de Junio, 2008.
WALKER, K. B.; JOHNSON, E. N. A Review and Synthesis of Research on Supplier Concentration, Quality and Fee Structure in Non-U.S. Markets for Auditor Services, The International Journal of Accounting, v. 31, n. 1, p. 1-18, 1996. http://dx.doi.org/10.1016/S0020-7063(96)90010-2
WEETS, V.; JEGERS, M. Are the Big Six big in Belgium? European Accounting Review, v. 6, n. 4, p. 773-789, 1997. http://dx.doi.org/10.1080/09638189700000017
WOLK, C. M.; MICHELSON, S. E.; WOOTTON CH. W. Auditor Concentration and Market Shares in the US: 1988-1999 A Descriptive Note, British Accounting Review, v. 33, p. 157-174, 2001. http://dx.doi.org/10.1006/bare.2001.0159
WOOTTON, C. W.; TONGE, S.D.; WOLK, C.M. Pre and post Big Eight Mergers: Comparison of Auditor Concentration, Accounting Horizons, v. 8, n. 3, September, 58-74, 1994.
YARDLEY, J. A.; KAUFFMAN, N.L.: CAIRNEY, T.D.; ALBRECHT, W.D. Supplier Behaviour in the U. S. Audit Market, Journal of Accounting Literature, v. 11, p. 151-184, 1992.
ZEFF S.; FOSSUM, R. An analysis of Large Audit Clients, The Accounting Review, v. 42, n. 2. April, p. 298-320, 1967.
Publicado
Como Citar
Edição
Seção
Licença
Os direitos autorais para artigos publicados nesta revista são do autor, com direitos de primeira publicação para a revista. Em virtude de aparecerem nesta revista de acesso público, os artigos são de uso gratuito, com atribuições próprias, em aplicações educacionais e não-comerciais. A revista permitirá o uso dos trabalhos publicados para fins não-comerciais, incluindo direito de enviar o trabalho para bases de dados de acesso público. Os artigos publicados são de total e exclusiva responsabilidade dos autores.
• O(s) autor(es) autoriza(m) a publicação do artigo na revista;
• O(s) autor(es) garante(m) que a contribuição é original e inédita e que não está em processo de avaliação em outra(s) revista(s);
• A revista não se responsabiliza pelas opiniões, ideias e conceitos emitidos nos textos, por serem de inteira responsabilidade de seu(s) autor(es);
• É reservado aos editores o direito de proceder ajustes textuais e de adequação do artigo às normas da publicação;
• O(s) autor(es) declaram que o artigo não possui conflitos de interesse.