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Tytuł artykułu

Reforms and competitiveness in the Ukrainian audit market

Treść / Zawartość
Identyfikatory
Warianty tytułu
PL
Reformy i konkurencyjność na ukraińskim rynku audytów
Języki publikacji
EN
Abstrakty
EN
Recent reforms in the Ukrainian audit market should have been activated the competitiveness in the market. This paper explores concentration in the Ukrainian audit market in order to analyze the efficiency of these reforms. In this study, the annual data from the Audit Chamber of Ukraine over the period 2007 - 2019 is used. Using various statistical methods and specific market concentration indicators, the present study finds the pieces of evidence in favor of high concentration of the Ukrainian audit market and the failure of the reforms. The situation with the competitiveness only gets worse after them. The results of the study provide suggestions for improving the situation concerning the rising of market integrity principles, qualification of auditors in Ukrainian firms, and strengthening monitoring of audit quality in B4 and mid-tier companies.
PL
Ostatnie reformy na ukraińskim rynku audytorskim powinny pobudzić konkurencyjność na rynku. Niniejszy artykuł bada koncentrację na ukraińskim rynku audytorskim w celu analizy skuteczności tych reform. W niniejszym opracowaniu wykorzystano dane roczne Izby Obrachunkowej Ukrainy za lata 2007 - 2019. Korzystając z różnych metod statystycznych i określonych wskaźników koncentracji rynku, niniejsze badanie znajduje dowody na korzyść wysokiej koncentracji ukraińskiego rynku audytorskiego i niepowodzenia reform. Sytuacja z konkurencyjnością tylko się po nich pogarsza. Wyniki badania dostarczają propozycji poprawy sytuacji w zakresie podnoszenia zasad uczciwości rynku, kwalifikacji biegłych rewidentów w firmach ukraińskich oraz wzmocnienia monitoringu jakości badania w firmach B4 i mid-tier.
Rocznik
Strony
305--320
Opis fizyczny
Bibliogr. 50 poz., rys., tab.
Twórcy
  • Sumy State University
autor
  • Sumy State University
  • Sumy State University
  • University of Social Science, Lodz, Poland
  • University of Economics and Innovation in Lublin, Poland
  • Kharkiv National University of Economics, Ukraine
Bibliografia
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  • 15.Francis J., Reichel, K. and Wang D., (2005). The pricing of national and city-specific reputations for industry expertise in the u.s. audit market, The Accounting Review, 80, 113-136.
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  • 18.Government Accountability Office, (2008). Audits of public companies: Continued concentration in audit markets for large public companies does not call for immediate action. Washington, DC: GAO.
  • 19.Gunn J., Kawada B. and Michas P., (2019). Audit Market Concentration, Audit Fees, and Audit Quality: A Cross-Country Analysis of Complex Audit Clients. Journal of Accounting and Public Policy, 38 (6).
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  • 22.ICAEW, (2021). European audit market battles concentration and quality issues. Available at: https://www.icaew.com/insights/viewpoints-on-the-news/2021/feb-2021/european-audit-market-battles-concentration-and-quality-issues, Access on: 01.04.2021.
  • 23.Kneysler O., Kryvytska O., Shupa L. and Huzela I., (2019). Assessment of the competitive environment of the health insurance market. Problems and Perspectives in Management, 17(2), 541-549.
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  • 26.Krismiaji K., Surifah S., (2020). Corporate governance, compliance level of IFRS disclosure and value relevance of accounting information - Indonesian evidence. Journal of International Studies, 13(2), 191-211.
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  • 28.Makarenko I., Plastun O., (2016). Quasi-Competitiveness of the Audit Services Market in Ukraine: The Aspect of European Integration. Visnyk of the National Bank of Ukraine, 237, 27-41.
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  • 30.Mishchuk H., Bilan S., Yurchyk H., Akimova L. and Navickas M., (2020). Impact of the shadow economy on social safety: The experience of Ukraine. Economics and Sociology, 13(2), 284-298.
  • 31.Newton N., Wang D. and Wilkins M., (2013). Does a Lack of Choice Lead to Lower Audit Quality? Evidence from Auditor Competition and Client Restatements. Auditing: A Journal of Practice & Theory, 32 (3), 31-67.
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  • 33.OECD, (2010). Policy Roundtables Competition and Regulation in Auditing and Related Professions.
  • 34.Ohlsson A., Carlsson K., (2018). Audit market concentration and audit quality : A study of public-interest entities in Sweden between 2008-2016 (Dissertation). Available at: http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-39648, Access on: 01.04.2021.
  • 35.Oxera, (2006). Competition and Choice in the UK Audit Market, Prepared for Department of Trade and Industry and Financial Reporting Council, Oxford, UK: Oxera Consulting Ltd
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  • 37.Petrakov Y., (2013). Theory of quasi-competitive markets and audit business: problems of identification. Bulletin of Chernihiv State Technological University, 3, 248-258.
  • 38.Plastun A., Makarenko I. and Balatskyi E., (2018). Competitiveness in the Ukrainian stock market and local crisis of 2013-2015. Investment Management and Financial Innovations, 15(2), 29-39.
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  • 40.Redko O., (2020). The Yanus-Like Quality of the Ukrainian Audit. Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, (3), 70-76.
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  • 42.Santosa P., Tambunan M. and Kumullah E., (2020). The role of moderating audit quality relationship between corporate characteristics and financial distress in the Indonesian mining sector. Investment Management and Financial Innovations, 17(2), 88-100.
  • 43.Setyo T., Nabella R. and Kartika S., (2021). Measuring the competition and banking efficiency level: a study at four commercial banks in Indonesia. Banks and Bank Systems, 16(1), 17-26.
  • 44.Shendryhorenko M., Shevchenko L., (2018). Urgent issues of organization of audit activity in Ukraine and directions for their solutions. Baltic Journal of Economic Studies, 4(1), 345-349.
  • 45.Shulga S., (2019). Directions for improving the regulation of auditing in the context of global change. Scientific Bulletin of the National Academy of Statistics, Accounting and Auditing, 3, 67-75.
  • 46.Suprianto E., Rahmawati R., Setiawan D. and Aryani Y., (2019). Controlling generation of family firms and earnings management in Indonesia: The role of accounting experts of audit committees. Journal of International Studies, 12(3), 265-276.
  • 47.Vargas G., Jacanamejoy J., Cordoba M. and Lopez J., (2019). Factors that influence the competitiveness of SMEs in the commerce and services sector in the Municipality of Palmira, Colombia. Problems and Perspectives in Management, 17(4), 480-492.
  • 48.Vnukova, N., Opeshko N. and Mamedova E., (2020). Identifying changes in insurance companies’ competitiveness on the travel services market. Insurance Markets and Companies, 11(1), 53-60.
  • 49.Walid S., Soliman M., (2020). Investigating the effect of corporate governance on audit quality and its impact on investment efficiency. Investment Management and Financial Innovations, 17(3), 175-188.
  • 50.Willekens M., Dekeyser S., Bruynseels L. and Numan W., (2020). Auditor Market Power and Audit Quality Revisited: Effects of Market Concentration, Market Share Distance, and Leadership Journal of Accounting, Auditing & Finance.
Uwagi
Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-8a93dda4-abef-4860-bde4-7514929b64bd
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