Public Accounting and Auditing in the European Union

  • Peter Standish


This Chapter addresses issues affecting the supply of public accounting and audit Services within the common market of the European Union (EU). Their supply is subject to EU Company Law Directives and supervision by national professional institutions and regulatory authorities, with the unit of supply being the individual public accounting and auditing firm. Across EU Member States there is a markedly skewed distribution of firms by size. This ranges from a large number of small firms, typically conducted by a sole principal or at most several partners, to a handful of large multinational firms dominating the supply of audit and related public accounting Services to companies listed on stock exchanges. At present, the core of this latter group is known as the Big 6: Arthur Andersen, Coopers & Lybrand, Ernst & Young, KPMG, Price Waterhouse and Touche Ross Tohmatsu1.


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© Gabler Verlag, Wiesbaden 1995

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  • Peter Standish

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