Ernst & Young - The firm's market

The firm's market

Business & Finance, Accounting
Cover of the book Ernst & Young - The firm's market by Timo Duits, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Timo Duits ISBN: 9783638548762
Publisher: GRIN Publishing Publication: September 25, 2006
Imprint: GRIN Publishing Language: English
Author: Timo Duits
ISBN: 9783638548762
Publisher: GRIN Publishing
Publication: September 25, 2006
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2005 in the subject Business economics - Accounting and Taxes, grade: A, Wayne State University (Department of Economics), 34 entries in the bibliography, language: English, abstract: In 2002, the Sarbanes-Oxley Act (SOX) was passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States like Enron, Arthur Andersen, and WorldCom. These scandals resulted in a loss of public trust in accounting and reporting practices . It is now the goal of the Sarbanes-Oxley law to restore public trust in the corporate world for shareholders and all other stakeholders like banks, employees, tax authorities, etc. In the slipstream of this vast legislation in all these jurisdictions, audit firms are facing certain restrictions. For example, providing legal services to Security and Exchange Commission (SEC)-registered companies and all their subsidiaries and affiliates wherever in the world is now prescribed if you are the auditor of one of those entities. Tax advisory services for SEC audit clients are allowed, provided you follow certain procedures . These regulations and the increased awareness of corporate governance issues have affected the profession of auditors. It has in many cases forced the auditing firm Ernst & Young to redefine its relationship with clients and reestablish its expectations and its deliverables. In most countries you see an increase of demand for audit and tax services. But the market shows some shifting. There is not only a competition amongst the Big Four (Ernst & Young, KPMG, PricewaterhouseCoopers, Deloitte Touche Tohmatsu), but also with a few other companies. The goal of this paper is to define the market of Ernst & Young through describing its relationship to the competitors in terms of restrictions like the SOX and to measure its market structure.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2005 in the subject Business economics - Accounting and Taxes, grade: A, Wayne State University (Department of Economics), 34 entries in the bibliography, language: English, abstract: In 2002, the Sarbanes-Oxley Act (SOX) was passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States like Enron, Arthur Andersen, and WorldCom. These scandals resulted in a loss of public trust in accounting and reporting practices . It is now the goal of the Sarbanes-Oxley law to restore public trust in the corporate world for shareholders and all other stakeholders like banks, employees, tax authorities, etc. In the slipstream of this vast legislation in all these jurisdictions, audit firms are facing certain restrictions. For example, providing legal services to Security and Exchange Commission (SEC)-registered companies and all their subsidiaries and affiliates wherever in the world is now prescribed if you are the auditor of one of those entities. Tax advisory services for SEC audit clients are allowed, provided you follow certain procedures . These regulations and the increased awareness of corporate governance issues have affected the profession of auditors. It has in many cases forced the auditing firm Ernst & Young to redefine its relationship with clients and reestablish its expectations and its deliverables. In most countries you see an increase of demand for audit and tax services. But the market shows some shifting. There is not only a competition amongst the Big Four (Ernst & Young, KPMG, PricewaterhouseCoopers, Deloitte Touche Tohmatsu), but also with a few other companies. The goal of this paper is to define the market of Ernst & Young through describing its relationship to the competitors in terms of restrictions like the SOX and to measure its market structure.

More books from GRIN Publishing

Cover of the book Dyslexia's Puzzle by Timo Duits
Cover of the book Report on Queensland High Schools performance 2005 by Timo Duits
Cover of the book The Effects of De-Regulation on the US Electric Power Market by Timo Duits
Cover of the book No translation is perfect by Timo Duits
Cover of the book The Concepts of Honour and Revenge in Beowulf and Hamlet by Timo Duits
Cover of the book The Kyoto Protocol by Timo Duits
Cover of the book Contribution of Brand Image and Brand Identity to Gain Competitive Advantage: A Case study of UK Fashion Brands by Timo Duits
Cover of the book The use of emetics to obtain internally concealed drugs as evidence - a means of torture? by Timo Duits
Cover of the book Australia's Gulf War Commitment 1990-91 by Timo Duits
Cover of the book Copyright Works by Timo Duits
Cover of the book Written Report on Foreign Market Servicing Strategy for the Deutsche Telekom for an expansion in China by Timo Duits
Cover of the book Huey Pierce Long: An Extraordinary Man in Extraordinary Times by Timo Duits
Cover of the book The role and value of long term relationships in business to business environment by Timo Duits
Cover of the book Human Resource Due Diligence within the Context of Mergers & Acquisitions by Timo Duits
Cover of the book The Passionate God by Timo Duits
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy