TFL Vsebine / Revija SIR*IUS

Audit market concentration analysis in Slovenia

Z raziskavo, v kateri smo analizirali koncentracijo na trgu revizijskih storitev v Sloveniji od leta 2008 do 2011, smo ugotovili, da je na trgu revizijskih družb v Sloveniji prisotna srednje visoka koncentracija, ki se odraža v ohlapnem oligopolu štirih največjih revizijskih družb. Drugačna slika pa je bila na trgu naročnikov revizijskih družb, kjer so imele pomembno vlogo srednje in majhne revizijske družbe, trg pa ni imel značilnosti oligopola, dokler ga nismo razdelili na podlagi lastnosti naročnikov. Analiza koncentracije glede na kotacijo naročnikov na organiziranem trgu je pokazala, da je v segmentu borznih družb koncentracija zelo visoka, medtem ko je bila v segmentu družb, ki ne kotirajo na organiziranem trgu, nizka. Glede na nizko koncentracijo in na trend nadaljnjega upadanja koncentracije na trgu neborznih naročnikov rezultati analize potrjujejo, da koncentracija v tem segmentu naročnikov v Sloveniji ne predstavlja problema, ki ga je v Zeleni knjigi izpostavila Evropska komisija.

We carried out an analysis of the audit market concentration in Slovenia between years 2008 and 2011. The results of the analysis reveal medium to high level of concentration, reflected in a loose oligopoly of the Big 4 audit firms. However, the analysis of the audit clients reveals important role of mid-tier and small audit firms and the characteristics of oligopoly only becomes evident once the market was divided on the basis of audit client characteristics. Audit market concentration is very high in the segment of listed companies while it is very low in the segment of non-listed companies. Considering the low level of audit market concentration and the trend of its continuing decline our analysis confirms that in this segment of audit clients audit market concentration is not problematic regarding the concerns raised by the European Commission in the Green Paper.