Audit Market Concentration and Audit Quality

• Main Authors: Sankaraguruswamy, Srinivasan, Kallapur, Sanjay, ZANG, Yoonseok
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Audit market concentration; audit market competition; audit quality; Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/101
• Institution: Singapore Management University

Policymakers and regulators have been concerned about the impact of audit market concentration resulting from decline in the number of audit firms due to mergers and the demise of Arthur Andersen. In this paper we find a positive association between audit market concentration (Herfindahl index) at t...