The Role of the Audit Firm Governance in Enhancing Audit Market Stability

Across the world there have been important regulation related to audit matters. Significant efforts made in recent years improve firm trustfully with a focus on significance of corporate governance for market perception quality. The IAASB published 2020 exposure draft “Fraud and going concern an financial statements” Financial Reporting Council (FRC) Institute Chartered Accountants England Wales (ICAEW) updated 2016 Audit Firm Governance Code. Good effects reputation could reduce concentration BIG4. This study looks at whether or not, if so, UK firms is correlated share order support standard setters enrich academic literature this topic. Enhancing practice non BIG4 affect quality smaller accounting their share.