By WebCPA: The audit market for large public companies has become more concentrated among the Big Four firms, but not enough to require corrective action, according to a government report.
A survey by the Government Accountability Office found that 82 percent of large public companies saw their choice of auditor as limited to three or fewer firms. About 60 percent view competition in the market as insufficient. Most small public companies, however, said they were satisfied with the auditor choices available.
Read complete article Audit Market Growing More Concentrated
Source: WebCPA, 11 January 2008. © 2007 WebCPA and SourceMedia, Inc. All rights reserved.