Auditor Size: Further Evidence ZOE-VONNA PALMROSE* 1. Introduction Duringthe past decade,the structureof the marketfor public accounting services-particularly audit services-has received scrutiny from regulators,practitioners, and researchers. A major focus has been on supplier (audit firm) size, and especially on the large shares of markets held by a subset of firms called the Big Eight.' One hypothesis is that the Big Eight function as a cartel and charge higher than competitively warranted fees. This…
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