ASSESSING THE MARKET SHARE OF AUDIT FIRMS IN THE REPUBLIC OF SERBIA


DOI: https://doi.org/10.15308/finiz-2025-3-9
Authors:
Ivan Golubović
Vule Mizdraković
Jovana Arsić

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Keywords:
Market share, financial statements, HH index, Big Four, revenue, audit quality


Abstract:
With the increasing number of entities and entrepreneurs in the Republic of Serbia required by law to undergo external audits of their financial statements, the demand for auditors and audit firms has steadily grown. This trend has been further accelerated by the depreciation of the domestic currency, rising inflation, and increased foreign investment, all of which have led to higher business revenues. In response, new domestic audit firms have been established, and international firms - including members of the Big Four - have entered the Serbian market. The continued growth in the number of audit firms has played a significant role in shaping the current structure of the auditing market. This paper aims to assess the present state of the audit firm market in Serbia, analyse market shares, and examine the type of market structure that exists. In addition, the paper offers insights into potential future developments based on available financial and industry data.

CITATION:

IEEE format

I. Golubović, V. Mizdraković, J. Arsić, “Assessing the Market Share of Audit Firms in the Republic of Serbia,” in FINIZ 2025 - The Importance of Business Agility in the Modern Business Environment, Belgrade, Singidunum University, Serbia, 2025, pp. 3-9. doi: 10.15308/finiz-2025-3-9

APA format

Golubović, I., Mizdraković, V., Arsić, J. (2025). Assessing the Market Share of Audit Firms in the Republic of Serbia. Paper presented at FINIZ 2025 - The Importance of Business Agility in the Modern Business Environment. doi:10.15308/finiz-2025-3-9

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