The Analysis of Market Concentration of Audit Services in the Czech Republic
The Analysis of Market Concentration of Audit Services in the Czech Republic

Author(s): Michal Šindelář
Subject(s): Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: concentration of audit services; audit fees; non-audit fees; auditor's independence;
Summary/Abstract: The aim of this paper is to analyze the market concentration of audit services in the Czech Republic with a focus on relation between audit fees and non-audit fees. The analysis is based on 36 transparency reports for the year 2013. Auditors that in the reporting period carried out the statutory audit at any public interest entity are required to prepare and publish the transparency report. Among other information, auditors are required to specify their total turnover divided into audit fees and non-audit fees. Herfindahl-Hirschman index (HHI) is selected as an appropriate analytical tool.

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