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The changing structure of the market for audit services in the UK: a descriptive study

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The changing structure of the market for audit services in the UK: a descriptive study. / Beattie, Vivien; Fearnley, Stella.
In: British Accounting Review, Vol. 26, No. 4, 12.1994, p. 301-322.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Beattie, V & Fearnley, S 1994, 'The changing structure of the market for audit services in the UK: a descriptive study', British Accounting Review, vol. 26, no. 4, pp. 301-322. https://doi.org/10.1006/bare.1994.1021

APA

Beattie, V., & Fearnley, S. (1994). The changing structure of the market for audit services in the UK: a descriptive study. British Accounting Review, 26(4), 301-322. https://doi.org/10.1006/bare.1994.1021

Vancouver

Beattie V, Fearnley S. The changing structure of the market for audit services in the UK: a descriptive study. British Accounting Review. 1994 Dec;26(4):301-322. doi: 10.1006/bare.1994.1021

Author

Beattie, Vivien ; Fearnley, Stella. / The changing structure of the market for audit services in the UK : a descriptive study. In: British Accounting Review. 1994 ; Vol. 26, No. 4. pp. 301-322.

Bibtex

@article{6699a8a04a664728a03485a0a572a2b2,
title = "The changing structure of the market for audit services in the UK: a descriptive study",
abstract = "This paper is motivated by the debate which currently exists concerning the joint effect on the UK audit market of audit firm mergers and increasing competitive pressures. Based on a large sample of 2,079 domestic listed companies, measures of seller concentration are calculated for the period 1987 to 1991. The three principal factors which have contributed towards the change in concentration are identified as audit firm mergers, voluntary realignments (auditor switching) and the auditor distribution of newly listed companies. The relative impact of these factors on seller concentration is measured. The results of this study are placed in perspective via cross-study longitudinal and inter-country comparisons of concentration ratios and annualized rates of auditor change. Results indicate an increasing level of seller concentration in the UK market for audit services, which is also high relative to other countries, and a high and rising instability in client-auditor relationships. Policy implications are discussed.",
author = "Vivien Beattie and Stella Fearnley",
year = "1994",
month = dec,
doi = "10.1006/bare.1994.1021",
language = "English",
volume = "26",
pages = "301--322",
journal = "British Accounting Review",
issn = "0890-8389",
publisher = "Academic Press Inc.",
number = "4",

}

RIS

TY - JOUR

T1 - The changing structure of the market for audit services in the UK

T2 - a descriptive study

AU - Beattie, Vivien

AU - Fearnley, Stella

PY - 1994/12

Y1 - 1994/12

N2 - This paper is motivated by the debate which currently exists concerning the joint effect on the UK audit market of audit firm mergers and increasing competitive pressures. Based on a large sample of 2,079 domestic listed companies, measures of seller concentration are calculated for the period 1987 to 1991. The three principal factors which have contributed towards the change in concentration are identified as audit firm mergers, voluntary realignments (auditor switching) and the auditor distribution of newly listed companies. The relative impact of these factors on seller concentration is measured. The results of this study are placed in perspective via cross-study longitudinal and inter-country comparisons of concentration ratios and annualized rates of auditor change. Results indicate an increasing level of seller concentration in the UK market for audit services, which is also high relative to other countries, and a high and rising instability in client-auditor relationships. Policy implications are discussed.

AB - This paper is motivated by the debate which currently exists concerning the joint effect on the UK audit market of audit firm mergers and increasing competitive pressures. Based on a large sample of 2,079 domestic listed companies, measures of seller concentration are calculated for the period 1987 to 1991. The three principal factors which have contributed towards the change in concentration are identified as audit firm mergers, voluntary realignments (auditor switching) and the auditor distribution of newly listed companies. The relative impact of these factors on seller concentration is measured. The results of this study are placed in perspective via cross-study longitudinal and inter-country comparisons of concentration ratios and annualized rates of auditor change. Results indicate an increasing level of seller concentration in the UK market for audit services, which is also high relative to other countries, and a high and rising instability in client-auditor relationships. Policy implications are discussed.

U2 - 10.1006/bare.1994.1021

DO - 10.1006/bare.1994.1021

M3 - Journal article

VL - 26

SP - 301

EP - 322

JO - British Accounting Review

JF - British Accounting Review

SN - 0890-8389

IS - 4

ER -