Audit market structure and related changes in Taiwan: the effects of CPA qualification changes and mergers

Lee, Chia‐Chi

doi:10.1007/s11135-009-9232-0

Cited by 1 publication

(2 citation statements)

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“…The above calculation of market share is based on the total business revenues of accounting firms; however, the total business revenues of the individual accounting firms include auditing and non-auditing business revenues (Chen and Lee, 2006;Lee, 2010). According to the classification from the "Census Report of Public Accounting Firms", the characteristics of total business revenues can be divided into revenues from financial attestation services, tax services, management consultant services and corporate registration and other services (Chen and Lee, 2006;Lee, 2009Lee, , 2010. This perspective is used in this paper; the total business is divided into auditing and non-auditing functions in order to calculate the market share of each.…”

Section: Measurement Of Independent Variablesmentioning

confidence: 99%

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Business service market share, international operation strategy and performance

Lee

2013

Baltic Journal of Management

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Purpose – This paper aims to explore the relationship between market share and performance of large accounting firms. It also investigates whether the performance of international accounting firms is better than that of non-international accounting firms. Design/methodology/approach – This paper divides the empirical analysis into two stages. The first stage constructs a multiple regression model to explore the relationship between market share, international operations and the performance of large accounting firms. The second stage uses the Tobit regression model to identify the determinants of market share of international accounting firms. Findings – Empirical results show that there is a significant, positive relationship between market share and performance, and that the performance of international accounting firms is better than that of non-international accounting firms. Second, from the perspective of business characteristics, the scope of the most international accounting firms is traditional auditing services; namely financial attestation and tax business services. Practical implications – From the clients' viewpoint, market share is one of the key indices in determining the quality of the accounting firms' service. Originality/value – As the market for auditing services in Taiwan is saturated, in the future, the accounting industry will be concerned with non-auditing services. It is suggested that the large accounting firms could follow the demand changes of their clients: employ professionals in various fields to provide specialized services, adjust the range of transnational and management consultant services, and operate management consultant services more aggressively. These measures would have advantages in a fiercely competitive market.

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Section: Measurement Of Independent Variablesmentioning

confidence: 99%

“…In addition, accounting firms mainly provide four types of business services: finance attestation, tax service, management consultant, and corporate registration and other services (Chen and Lee, 2006;Lee, 2009Lee, , 2010. The four types of business have their respective market demands.…”

Section: Introductionmentioning

confidence: 99%