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Concentration of the audit market in the Republic of Croatia
In: Contemporary Issues in Economy&Technology - CIET2022 Conference Proceedings. / Buljan Barbača, Domagoja; Miletić, Marko (Ed.). University of Split, University Department of Professional Studies, 2022. pp. 585-595. urn:nbn:hr:227:079942
Pavić Kramarić, Tomislava; Šušak, Toni; Ančić, Nikolina; Bešker, Paulina; Vrvilo, Ela

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Pavić Kramarić, T., Šušak, T., Ančić, N., Bešker, P. & Vrvilo, E. (2022). Concentration of the audit market in the Republic of Croatia. In D. Buljan Barbača, (Ed.), M. Miletić, (Ed.), Contemporary Issues in Economy&Technology - CIET2022 Conference Proceedings (pp. 585-595). University of Split, University Department of Professional Studies. Retrieved from https://urn.nsk.hr/urn:nbn:hr:227:079942

Pavić Kramarić, Tomislava, et al. "Concentration of the audit market in the Republic of Croatia." Contemporary Issues in Economy&Technology - CIET2022 Conference Proceedings, edited by Domagoja Buljan Barbača, edited by Marko Miletić, University of Split, University Department of Professional Studies, 2022, pp. 585-595. https://urn.nsk.hr/urn:nbn:hr:227:079942

Pavić Kramarić, Tomislava, Toni Šušak, Nikolina Ančić, Paulina Bešker and Ela Vrvilo. "Concentration of the audit market in the Republic of Croatia." In Contemporary Issues in Economy&Technology - CIET2022 Conference Proceedings, 585-595. University of Split, University Department of Professional Studies, 2022. Accessed 2024 August 30. https://urn.nsk.hr/urn:nbn:hr:227:079942

Pavić Kramarić, T., et al. (2022) 'Concentration of the audit market in the Republic of Croatia', in Buljan Barbača, D. (ed.), Miletić, M. (ed.), Contemporary Issues in Economy&Technology - CIET2022 Conference Proceedings, University of Split, University Department of Professional Studies, pp. 585-595. Available at: https://urn.nsk.hr/urn:nbn:hr:227:079942 (Accessed 30 August 2024)

Pavić Kramarić T, Šušak T, Ančić N, Bešker P, Vrvilo E. Concentration of the audit market in the Republic of Croatia. In: D. Buljan Barbača, ed., M. Miletić, ed. Contemporary Issues in Economy&Technology - CIET2022 Conference Proceedings. University of Split, University Department of Professional Studies; 2022. Pp. 585-595. [cited 2024 August 30] Available at: https://urn.nsk.hr/urn:nbn:hr:227:079942

T. Pavić Kramarić, T. Šušak, N. Ančić, P. Bešker and E. Vrvilo, "Concentration of the audit market in the Republic of Croatia", Contemporary Issues in Economy&Technology - CIET2022 Conference Proceedings, D. Buljan Barbača and M. Miletić, Eds. University of Split, University Department of Professional Studies, 2022. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:227:079942 [Accessed: 30 August 2024]

Metadata
Title (english)Concentration of the audit market in the Republic of Croatia
AuthorTomislava Pavić Kramarić
AuthorToni Šušak
AuthorNikolina Ančić
AuthorPaulina Bešker
AuthorEla Vrvilo
EditorDomagoja Buljan Barbača
EditorMarko Miletić
Author's institutionUniversity of Split
University Department of Forensic Sciences
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The most important commonality of audit markets worldwide is supremacy of the four global market leaders known as the Big Four–Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers. Situation regarding the audit services market in the Republic of Croatia does not deviate from the global trends and aforementioned companies have founded domestic limited liability companies that form a part of their enormous international audit networks and, thus, have considerable competitive advantage due to a resource disparity in comparison with other companies operating in this market. As in most other activities, increased competition should be desirable from the aspect of maintaining and enhancing auditor’s independence and avoidance of potential conflicts of interests. Therefore, the aim of this paper implied providing an overview of different market concentration measures and variables used for their calculation, as well as analysing the values of various measures indicating the level of market concentration to determine how competitive the Croatian audit market in the period from 2016 to 2020 was. Besides analysing the dynamics of concentration in the audit market in Croatia, the authors determine whether there is a leader in the market and its potential impact on market structure. The data required for calculation of market concentration ratios was gathered from financial statements of all audit companies in the Republic of Croatia which have been submitted in an observed business year. The findings reveal that Croatian audit market is characterised with low levels of concentration as found with majority of concentration ratios used and no dominant firm is present.
Keywords (english)
Languageenglish
Publication typeProfessional paper - Professional paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Publication titleContemporary Issues in Economy&Technology - CIET2022 Conference Proceedings
Numberingpp. 585-595
ISBN978-953-7220-70-9
URN:NBNurn:nbn:hr:227:079942
Publication2022
ConferenceTitle: 5th International Conference "Contemporary Issues in Economics and Technology"
Acronym: CIET 2022
Location: Valencia, Spain
Start date: 2022-06-16
End date: 2022-06-17
Assembly type: Lecture
Type of resourceText
PublisherUniversity of Split, University Department of Professional Studies
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-06-26 09:35:51