Naslov
Financial performance of audit companies in Croatia

Autori
Filipović, Ivica ; Šušak, Toni ; Marković Rosan, Viktoria ; Stapić, Ivana ; Veić, Vedrana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), stručni

Izvornik
5th international conference "Contemporary Issues in Economy & Technology – CIET" / Barbača, D. ; Miletić, M. - Split, 2022, 596-605

ISBN
978-953-7220-70-9

Skup
5th Conference Contemporary Issues in Economics and Technology (CIET 2022)

Mjesto i datum
Valencia, Španjolska, 16.06.2022. - 17.06.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Recenziran

Ključne riječi
audit companies ; Croatia ; financial analysis

Sažetak
The stability of the corporate sector substantially depends on the quality of assurance provided by independent auditors that annual financial statements of a company had been prepared in accordance with prescribed criteria, such as the International Accounting Standards and the International Financial Reporting Standards. One of the main specificities of external auditing is its mandatory nature – certain groups of companies, regarding their size and importance for the national economy, are required by accounting legislation to subject their annual financial statements to external control carried out by independent privately owned audit companies. Because demand for these services is largely predefined, the performance of audit companies is determined by their skills in fulfilling the needs of audit clients in comparison to other companies in the same activity. The purpose of this paper was to elaborate on the essential categories of indicators utilised for analysing financial performance and to conduct a financial analysis of audit companies using mentioned indicators over the five-year period from 2016 to 2020. The complete population of companies entrusted with performing external financial statement audits in the Republic of Croatia, which submitted their annual financial statements, was taken into consideration. Financial data was obtained from balance sheets and income statements available at the Register of Annual Financial Statements maintained by the Croatian Financial Agency.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA