ANALYSIS OF AUDIT MARKET AND AUDIT FIRMS ACTIVITY IN LITHUANIA
Journal Title: Annales Universitatis Apulensis series Oeconomica - Year 2010, Vol 12, Issue 1
Abstract
The paper presents an analysis of the Lithuanian audit market, its nature and concentrations, audit services amounts and distribution, and audit firms activities and their income based on the results of empirical research. Lithuanian Chamber of Auditors (LCA) maintains the functions of accumulation, summarizing and dissemination information on Lithuanian auditors and audit firms. LCA information is therefore, a rich source of data for researching and studying the development of the Lithuanian audit market. The summary of LCA membership lists was used to address the issue of the Lithuanian audit market concentration. Authors of the paper present the following major attitudes: concentration due to the subject of audit activity, historical grow and development of audit firms, auditors and position held by auditors; regional concentration due to legal forms of audit firms; concentration due to audit services, income from audit services as per legal form of audit clients, time spent on audits, strategies used in audit firms. All these criteria present scheme of the audit market concentrations that provides us with information about how the structures, legal forms and strategies of audit firm are changing and main reasons for this change.
Authors and Affiliations
Jurate Steponaviciute, Algis Zvirblis, Liudmila Zumeriene
Keywords
Related Articles
- EP ID EP150123
- DOI -
- Views 96
- Downloads 0
CLIMATE CHANGES – ESSENTIAL CHALLENGE FOR THE ECONOMY OF KNOWLEDGE
The European Union proposed a new model of economy, at this beginning of century and millennium: the economy of knowledge, simultaneous with the emergence of a new existential reality for us people, after Christ was born...
AN ATTEMPT TO IDENTIFY PROPER TEACHING STRATEGIES FOR ROMANIAN BUSINESS UNIVERSITIES
The aim of our paper derives from the necessity of adopting teaching strategies that fit better with the students’ professional skills. The scope of our paper is to investigate those teaching strategies that can be adopt...
TESTING THE EFFICIENCY MARKET HYPOTHESIS FOR THE ROMANIAN STOCK MARKET
Efficient Market Hypothesis has dominated the field of research on capital market theory. It states that asset prices are rationally connected to economic realities and always incorporate all the information available to...
HORIZONTAL INDUSTRIAL POLICY IN POLAND
The paper presents industiral policy as a part of economic policies in European Union countries with special emphasis on Polish horizontal industial policy. The horizontal initiatives in the areas identified as critical...
VALORIZING ENTREPRENEURIAL POTENTIAL OF THE CENTRAL REGION – PARTNERSHIP BETWEEN UNIVERSITY AND BUSINESS ENVIRONMENT AS SUPPORTING ELEMENT OF THE ENTREPRENEURIAL CULTURE
The core of the economic growth is the nation entrepreneurial potential and its force of creation and qualities. The enthusiasm and imagination of the entrepreneurs that are capable of accomplishing their dreams is the k...