ПЕРСПЕКТИВЕ ОПСТАНКА И РАЗВОЈА РЕВИЗОРСКИХ ФИРМИ ПУТЕМ УКЉУЧИВАЊА У РЕВИЗОРСКУ МРЕЖУ/PROSPECTS FOR SURVIVAL AND DEVELOPMENT OF AUDIT FIRMS THROUGH INTEGRATION INTO AUDIT NETWORKS

Љињана Бонић, Кристина Мијић, Дејан Јакшић

DOI Number
-
First page
409
Last page
423

Abstract


The aim of this paper is to compare the performance of audit firms that are integrated into the audit network to other audit firms. In order to implement a given study, we classified all audit firms in Serbia into the following three groups: the Big Four audit firms, other audit firms integrated into the audit network, and independent audit firms. Business performance of audit firms was measured based on the amount of operating income, net results, and the number of certified auditors. The results suggest that other audit firms that are integrated into the audit network significantly differ from the other two groups in terms of operating income and the number of certified auditors, in the sense that the observed performance of these companies is behind the Big Four audit firms but significantly ahead of the independent audit firms. Comparative analysis of the net profit indicated no significant differences between observed groups.

Key words:         operating income, number of certified auditors, net earnings, Big Four, integrated international audit firms, domestic audit firms.

ПЕРСПЕКТИВЕ ОПСТАНКА И РАЗВОЈА РЕВИЗОРСКИХ ФИРМИ ПУТЕМ УКЉУЧИВАЊА У РЕВИЗОРСКУ МРЕЖУ

Апстракт

Основни циљ рада је анализа перформанси фирми које су интегрисане у ревизорску мрежу у односу на остале ревизорске куће. У циљу спровођења датог истраживања, све ревизорске фирме у Србији су разврстане у три групе: на „Велику четворку“, остале ревизорске фирме интегрисане у мрежу и ре­ви­зорске фирме које су самосталне. Перформансе пословања ревизорских фирми ме­рене су на основу висине пословног прихода, нето резултата и броја овлашће­них ревизора. Резултати истраживања указују да се остале ревизорске фирме ко­је су интегрисане у мрежу значајно разликују по висини пословних прихода и броју овлашћених ревизора од остале две групе, у смислу да по посматраним перформансама заостају за фирмама „Велике четворке“, али су значајно испред самосталних ревизорских фирми. Компаративна анализа остварене добити није показала значајне разлике између три посматране групе.

Кључне речи:   пословни приход, број овлашћених ревизора, нето резултат, „Велика четворка“, интегрисане међународне ревизорске фирме, домаће ревизорске фирме


Full Text:

PDF (Cрпски)

References


Business Registers Agency. (2014). Business Entities Register. Retrieved September 2, 2014, http://www.apr.gov.rs/eng/Registers/Companies/Search.aspx

Beins, B. & McCarthy, M. (2012). Research Methods and Statistics. Upper Saddle River: Pearson Education.

Black, K. (2010). Business Statistics. USA: John Wiley and Sons.

Briggs, W., & Shore, B. (2007). Competitive analysis of enterprise integration strategies. Industrial Management & Data Systems, 107(7), 925–935.

Cameran, M. (2008). Auditing in Italy - The Development of a Highly-Regulated Setting Before and After the Parmalat Case. In: R. Quick, S. Turley, & M. Willekens, Auditing, Trust and Governance - Developing Regulation in Europe (pp. 144-167). Trowbridge: Cromwell Press.

Caramanis, C. V. (1999). International accounting firms versus indigenous auditors: Intra-professional conflict in the Greek auditing profession, 1990-1993. Critical Perspectives on Accounting, 10(2), 153–196.

Chen, C. J. P., Su, X., & Wu, X. (2010). Auditor Changes Following a Big 4 Merger with a Local Chinese Firm: A Case Study. AUDITING: A Journal of Practice & Theory, 29(1), 41–72.

Dedoulis, E., & Caramanis, C. (2007). Imperialism of influence and the state–profession relationship: The formation of the Greek auditing profession in the post-WWII era. Critical Perspectives on Accounting, 18(4), 393–412.

International Federation of Accountants (IFAC) (2014). 2014 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements. Retrieved October 14, 2014, http://www.ifac.org

Jaksic, D. & Mijic, K. (2011). Analiza vlasničke strukture revizijskih firmi u Republici Srbiji [Ownership structure of audit companies in Republic of Serbia]. Anali Ekonomskog fakulteta u Subotici, 26, 65−76.

Jaksic, D., Mijic, K., & Andric, M. (2012). Analysis of variations in the performance of audit firms in the Republic of Serbia. Economic Annals, 57(193), 71–91.

Komora ovlašćenih revizora [Chamber of Authorized Auditors]. (2014). Registar društva za reviziju [Register of auditing companies]. Retrieved September 2, 2014, http://www.kor.rs/registri_preduzeca.asp

Liu, Y. (2014). Should further mergers be allowed? Product differentiation and merger in the external audit market. Applied Economics, 46(7), 741–749.

Narasimhan, R., & Chung, S. (1998). Auditor Concentration of Listed Public Companies on International Stock Exchanges. Journal of International Financial Management and Accounting, 9(3), 201–215.

Ohman, P., & Wallerstedt, E. (2012). Audit regulation and the development of the auditing profession: The case of Sweden. Accounting History, 17(2), 241–257. doi:10.1177/1032373211434723

Siddiqui, J., Zaman, M., & Khan, A. (2013). Do Big-Four affiliates earn audit fee premiums in emerging markets? Advances in Accounting, 29(2), 332–342. doi:10.1016/j.adiac.2013.09.007

Sinkin, J., Putney, T. (2007). Mergers of Accounting Practices. Today`sCPA, 6, 20-24.

Sinkin, J. (2007). When Should A Small Practitioner Merge Into A Larger Firm? Journal of Accountancy, 10, 12−15.

Stojilkovic, M., Bonic, Lj., (2009). Revizija i kvalitet finansijskog izveštavanja – dometi I perspektive razvoja [Audit and quality of financial reporting - achievements and prospects of development]. XL Simpozijum – 40 godina računovodstva i poslovnih finansija – dometi i perspektive [XL Symposium - 40 years of accounting and business finance - achievements and perspectives], (146−179). Zlatibor, SRRS [AAAS].

Wolk, C. M., Michelson, S. E., & Wootton, C. W. (2001). Auditor Concentration and Market Shares in the USA: 1988-1999 a Descriptive Note. The British Accounting Review, 33(2), 157–174. doi:10.1006/bare.2001.0159

Zakon o privrednim društvima, Službeni glasnik RS. Br. 125 (2004), 36 (2011), 99 (2011) i 83 (2014).


Refbacks

  • There are currently no refbacks.


© University of Niš, Serbia
Creative Commons licence CC BY-NC-ND
Print ISSN: 0353-7919
Online ISSN: 1820-7804