The Power and the Glory of Big 4: A Research Note on Independence and Competence in the Context of IFRS Implementation

Catalin Nicolae Albu (), Nadia Albu, Szilveszter FEKETE Pali-Pista and Dan CUZDRIOREAN Vladu
Additional contact information
Nadia Albu: The Bucharest Academy of Economic Studies, Romania
Dan CUZDRIOREAN Vladu: Babeº-Bolyai University, Cluj-Napoca, Romania

Journal of Accounting and Management Information Systems, 2011, vol. 10, issue 1, 43-54

Abstract: One of the major roles in promoting accounting convergence is played by big accounting firms (Big 4). The objective of this paper is in this context to analyze and question the role of big auditing firms in developing and implementing IFRSs worldwide, in order to better understand the convergence process. This is a research note intended to contribute to the debate on the role of auditors in general and in the context of IFRSs application in particular, to raise some questions and to identify future research directions, and to invite to reconsider the hidden aspects (both positive and negative) of apparently simple issues. We identify some questions to be addressed in the future regarding the competence of Big 4 in IFRSs, the relationship with their clients issued from this well-known competency and the associated issues of independence.

Keywords: Big 4; IFRS; independence; competence (search for similar items in EconPapers)
JEL-codes: G3 K2 M41 M42 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://online-cig.ase.ro/RePEc/ami/articles/10_1_3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ami:journl:v:10:y:2011:i:1:p:43-54

Access Statistics for this article

More articles in Journal of Accounting and Management Information Systems from Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies
Bibliographic data for series maintained by Cristina Tartavulea ().