Abstract
This paper examines the issue of auditor concentration in the UK during the period from 1991 to 1995. It shows that in 1995 the Big Six held 75% of the total number of audits and collectively earned 92% of the total audit fees. There was only a small increase in auditor concentration during the five year period, resulting from companies switching from small audit firms to Big Six and newly listed companies choosing a Big Six firm. The paper also examines auditor concentration within industries. Finally, the study assesses the measurement methods most commonly used in auditor concentration studies.
Original language | English |
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Pages (from-to) | 451-475 |
Number of pages | 25 |
Journal | Journal of Business Finance and Accounting |
Volume | 26 |
Issue number | 3-4 |
DOIs | |
Publication status | Published - Apr 1999 |