Newspaper article from our research archive:

Audits of Public Companies: Continued Concentration in Audit Market for Large Public Companies Does Not Call for Immediate Action.

GAO-08-163 January 9, 2008

GAO has prepared this report under the Comptroller General's authority as part of a continued effort to assist Congress in reviewing concentration in the market for public company audits. The small number of large international accounting firms performing audits of almost all large public companies raises interest in potential effects on competition and the choices available to large companies needing an auditor. This report examines (1) concentration in the market for public company audits, (2) the potential for smaller accounting firms' growth to ease market concentration, and (3) proposals that have been offered by others for easing ...

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