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.
- Article from:
-
General Accounting Office Reports & Testimony
- Article date:
-
March 1, 2008
|
Copyright informationCOPYRIGHT 2008 Stonehenge International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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 ...
Related newspaper, magazine, and journal articles:
|
Top accounting firms corner area audit market. (Ernst & Young; Arthur...
Crain's Cleveland Business;
May 20, 1991 ;
700+ words
...Top accounting firms corner area...10 local public companies Last June...the Big 6 accounting firms came running...1990. The accounting firms chased hard...Michalski said. Public companies are the lifeblood...of the big accounting firms, and ...
|
|
LESSENING RISK WHEN NUMBERS DON'T ADD UP: MALPRACTICE THREAT MAKES...
Crain's New York Business;
June 7, 1999 ;
540 words
......are smaller public companies, which are...Big Five accounting firms are refusing...regional accounting firms to shy away from auditing public companies. Stanley...of those accounting firms are small...audits for public companies. Accounting...
|
|
The trickle-down effect: the passing of the Sarbanes-Oxley Act meant big...
Inside Business;
April 1, 2007 ;
700+ words
......to their own accounting practices. That...businesses and accounting firms to establish...business for some accounting firms and an increase...smaller companies. Accounting firms have been quite...number of big accounting firms that serve the...of work for ...
|
|
Small Accounting Firms Exit Auditing
The Washington Post;
August 27, 2003 ;
700+ words
......several other accounting firms have severely...of auditing public companies. Spurred by...professional standards. Accounting firms that review...statements for public companies must register...nation's biggest public companies, according to...the number of ...
|
|
Audits of Public Companies: Survey of Public Accounting Firms and Public...
General Accounting Office Reports & Testimony;
March 1, 2008 ;
358 words
......GAO's survey of accounting firms that perform public company audits and GAO's survey of public companies. The purpose of...the four largest accounting firms, which were interviewed...Market for Large Public Companies Does Not Call...
|
|
SOX, Economy Drive Accounting Firms; Challenge: New Talent
Orange County Business Journal;
July 23, 2007 ;
700+ words
......seen at OCs accounting firms stemmed from...in helping public companies comply with...kept local accounting firms busy. It requires public companies to examine...as smaller public companies are expected...this year, accounting firms expect ...
|
|
Accounting Firms Expect Slow or No Growth Next Year
Orange County Business Journal;
July 21, 2008 ;
700+ words
...ACCOUNTING: Decrease in SOX...County's biggest accounting firms saw another gain...the 40 largest accounting firms here grew 3.9...year. The county's accounting firms shrunk their number...gains seen at the accounting firms on the list stemmed...work in helping ...
|
|
Overwhelmed accounting firms focus on big clients, leaving smaller ones...
Saint Paul Pioneer Press (St. Paul, Minnesota) (via Knight-Ridder/Tribune Business News);
October 19, 2004 ;
700+ words
......same dilemma, as accounting firms try to keep up...The Big Four accounting firms -- Ernst &...deadlines loom. Public accounting firms have always been...departures cost the accounting firms roughly $7 million...audit fees. Big accounting firms ...
|
|
SOX is generating work for all U.S. accounting firms
New Orleans CityBusiness;
July 23, 2007 ;
565 words
......generating work for all U.S. accounting firms, even those not directly related to establishing public company transparency...Litolff. Although only 11 public companies remains in the New Orleans...with 23 before Katrina, accounting firms are still doing SOX work...clients that ...
|
|
Fallout of accounting scandals: some local firms stop auditing public...
Westchester County Business Journal;
September 15, 2003 ;
700+ words
......longer auditing public companies because of the...U.S. public accounting firms must be registered...audit reports of public companies or play any substantial...the Big Four accounting firms--Deloitte &...industry newsletter Public Accounting ...
|
|
A look at who is auditing area's public companies
Quad - State Business Journal;
March 1, 2002 ;
700+ words
......industry into the public eye and the cry...accountants and the public companies they audit. Issues...a look at which accounting firms were auditing which locally-based public companies and how proposed...of the Big Five accounting firms-- ...
|
|
Public Accounting Firms: Mandated Study on Consolidation and Competition.
General Accounting Office Reports & Testimony;
September 1, 2003 ;
486 words
......market for large public companies is an oligopoly...vast majority of public companies and smaller firms...percent of all U.S. public companies and 99 percent of...faced by smaller accounting firms in competing with...of auditing large public companies, ...
|
|
LEVIN RELEASES LETTER, GAO REPORT ON TAX SHELTER SERVICES BY ACCOUNTING...
Capitol Hill Press Releases;
February 24, 2005 ;
700+ words
......years by accounting firms to public companies and the companies...auditors to the public companies they audit...registered public accounting firms to maintain...allowing accounting firms to promote to public companies only those...
|
|
Taking stock at the PCAOB: in an interview, the PCAOB's chief auditor,...
Financial Executive;
November 1, 2005 ;
700+ words
...The accounting industry has come under...involved accounting fraud. The accounting firms have been accused of covering...LLP. In some respects, the accounting firms have been hostage to the...at the Big Four and other accounting firms have been hit with a string...have ...
|
|
For some firms, regulators' fraud `cure' is bitter pill; Small public...
Star Tribune (Minneapolis, MN);
October 28, 2005 ;
672 words
...Byline: Neal St. Anthony; Staff Writer Smaller public companies may be in for a regulatory break. A Securities...officers say is an unfair cost burden on small public companies. Sarbanes-Oxley costs us $2 million annually...are concerned that the remaining Big Four accounting firms ...
|
See all results.
Or, try our
Advanced Search.
|