Concentration of the audit services market in Ecuador, year 2022
Article Sidebar
Main Article Content
Abstract
The study of the degree of concentration of auditing services has been a topic of interest for academics and interested agents that use these services in the region and the world. The concentration of auditing firms indicates the level of participation that these companies have in the Ecuadorian territory, considering the confluence of international, regional and local firms. The objective of the research is to present results on the degree of concentration of the audit market in Ecuador during the year 2022. The methodology used is based on a quantitative, descriptive approach and a documentary design. The sample consists of 292 companies registered with the Superintendence of Companies, Securities and Insurance under the International Standard Industrial Classification (ISIC) M6920.02. The Herfindall-Hirshman index, the ratio and the business concentration index were used to determine the level of market concentration in the auditing market. As a result, Ecuador has a deconcentrated audit services market, a situation that contrasts with the international trend. Despite the results of the HH index, in Ecuador there is a clear preference for contracting with B4 or regionally recognized auditing companies.
URL: https://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/2445
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The publications of the Boletín de Coyuntura are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0). The Universidad Técnica de Ambato retains the copyright of the published works, and favors and allows the reuse of these, as long as: the authorship and original source of publication is cited, and they are not used for commercial or onerous purposes. The intellectual property of the published articles belongs to the authors.
References
Alfonso, J., Moctezuma, T., María, & García Benau, A. (2011). Estrategias de las cuatro grandes firmas de auditoría en México Strategies of the Big Four Companies of Audit in Mexico. 20(1), 89–104.
Arens, A. A., Elder, R. J., Beasley, M. S., & Beasley, A. E. (2007). Auditoría. Un enfoque integral. www.pearsoneducacion.net/arens
Barbadillo, R., Rodríguez, E. ;, La, P., Ruiz, E., Paula, B. /, & Castro, R. (2013). La naturaleza de la competencia en el mercado de auditoría: Una evaluación de la literatura. Revista Galega de Economía, 22(1), 281–306.
Carrera, M. N., Gutiérrez, I., & Carmona, S. (2005). Concentración en el mercado de auditoría en España: Análisis empírico del período 1990-2000. In Revista Espanola de Financiacion y Contabilidad (Vol. 34, Issue 125, pp. 423–457). Asociacion Espanol Contabilidad Miniempresas. https://doi.org/10.1080/02102412.2005.10779552
Caso-Pardo, C., Martínez-Arias Antonio, & Río-Fernández, M. J. (2011). Los riesgos de concentración en el mercado de auditoría. www.partidadoble.es
Castañeda, E. G., Esteban, J., Londoño, Z., David, J., & Franco, V. (2020). Firmas de negocios de auditoría y el mercado accionario colombiano. Audit market concentration in Colombia in the colombian stock exchange market concentração das firmas de auditoría no mercado accionario colombiano. Dimensión Empresarial, 18(4), 1–15. https://doi.org/10.15665/dem.v18i4.2320
Cervantes Contreras, D. A. (2021). La concentración de los servicios de auditoría financiera en México. Caso aplicado a la Bolsa Mexicana de Valores. Vinculatégica, 7(2). https://doi.org/10.29105/vtga7.2-28
Comisión Europea. (2010). Libro verde. Política de auditoría: lecciones de la crisis. http://www.publications.parliament.uk/pa/cm200809/cmselect/cmtreasy/519/519.pdf
Duh, R. R., Ye, C., & Yu, L. H. (2020). Corruption and audit market concentration: an international investigation. Asia-Pacific Journal of Accounting and Economics, 27(3), 261–279. https://doi.org/10.1080/16081625.2018.1540942
Dunn, K., Kohlbeck, M., & Mayhew, B. W. (2011). The impact of the big 4 consolidation on audit market share equality. Auditing, 30(1), 49–73. https://doi.org/10.2308/AUD.2011.30.1.49
Eichenseher, J. W., & Danos, P. (1981). The Analysis of Industry-Specific Auditor Concentration: Towards an Explanatory Model. In Source: The Accounting Review (Vol. 56, Issue 3).
Esperanza, B., Castañeda, G., Noreña, D. P., & Barrera, C. A. (2019). Indicadores del grado de concentración de las firmas de auditoría en Colombia.
Gómez, G., Sandoval Imán, J. E., & Poma, H. (2022). La concentración del mercado de la auditoría en Perú. Cuadernos de Contabilidad, 22. https://doi.org/10.11144/javeriana.cc22.cmap
Gutiérrez Castañeda, B. E., Pérez Noreña, D., & Barrera, C. A. (2019). Indicadores del grado de concentración de las firmas de auditoría en Colombia.
Hogan, C., & Jeter, D. (1999). Industry Specialization by Auditors. Auditinng, 18(1), 1–17.
Ley de Compañías. (1990). Ley de compañías. www.lexis.com.ec
Moctezuma, J. A. T., & Benau, M. A. G. (2008). La concentración en el mercado de auditoría en méxico: analisis empírico del período 2001-2005. 1–22.
Moctezuma, J. A. T., & Benau, M. A. G. (2011). Estrategias de las cuatro grandes firmas de auditoría en México. Revista Europea de Direccion y Economia de La Empresa, 20(1), 89–104.
Mutiara, C., & Fitriany, F. (2019). The impact of audit market concentration on audit quality: Evidence from Indonesia. Jurnal Pengurusan, 57. https://doi.org/10.17576/pengurusan-2019-57-12
Navarrete Esparza, M., Mora Espinoza, M., & Zúñiga Arroyo, C. (2022). Análisis de la rotación de las big four en el mercado financiero en Chile. Revista de Investigación Aplicada En Ciencias Empresariales, 11(1). https://doi.org/10.22370/riace.2022.11.1.3575
Navarrete Esparza, M. A., & Morales Parada, F. A. (2023). Concentración del Mercado de las Big Four: Qué pasa en Chile Big Four Market Concentration: What’s Going On in Chile. 43, 145–162. https://doi.org/10.31095/podium.202
Peel, M. J. (1997). UK auditor concentration: A descriptive note. Accounting and Business Research, 27(4), 311–322. https://doi.org/10.1080/00014788.1997.9729557
Richardson, A. J. (2006). Academy of accounting historians auditor switching and the great depression. in source: the Accounting Historians Journal (Vol. 33, Issue 2). http://www.jstor.orgURL:http://www.jstor.org/stable/40698341http://www.jstor.org/page/info/about/policies/terms.jsp
Simunic, D. A. (1980). 17:30:22 PM All use subject to JSTOR Terms and. In Conditions Journal of Accounting Research (Vol. 18, Issue 1).
Superintendencia de Compañías. (2023). Portal de Información. https://appscvssoc.supercias.gob.ec/consultaCompanias/societario/busquedaCompanias.jsf
Toscano, J. A., & García, M. A. (2011). Estrategias de las cuatro grandes firmas de auditoría en México. Revista Europea de Direccion y Economia de La Empresa, 20(1), 89–104.
United States Government Accountability Office. (2008). Audits of Public Companies. Continued Concentration in Audit Market for Large Public Companies Does Not Call for Immediate Action. http://www.gao.gov/new.items/d08163.pdf.
Vera-Vera, C. G. (2019). Market concentration indexes of the Paraguay’s branches of economic activity as a determining instruments of the structure in 2010. Población y Desarrollo, 25(48), 28–37. https://doi.org/10.18004/pdfce/2076-054x/2019.025(48)028-037
Villardefrancos Alvarez, M. D. C., & Rivera, Z. (2006). La auditoría como proceso de control: concepto y tipología (Vol. 37, Issue 2).
Walker, K. B., & Johnson, E. N. (1996). The International Journal of Accounting A Review and Synthesis of Research on Supplier Concentration, Quality and Fee Structure in Non-U.S. Markets for Auditor Services.
Zeff, S. A., & Fossum, R. L. (1967). An Analysis of Large Audit Clients. In Source: The Accounting Review (Vol. 42, Issue 2).