Business Model of Accounting Firm
Akihiro Maeda
Audit Engagement
Revenue is decreasing year by year.
Reason:
- The number of the listed companies is decreasing due to worldwide recession.
- Regulations are so strict to those companies. There is no incentive to list their stocks.
Topic
- What is our business area?
- Audit Engagement
- Non-Audit Engagement
- Which area should we focus on?
Non Audit Engagement
Audit Engagement
- The public companies which are listed in securities and exchange (e.g. NYSE) are required to report their financial statement annually with auditor's opinion.
- It means that we can obtain audit fees from those clients unless they decides to delist or change those auditor.