Special Report on
Non Regulated Market Summary
Non Regulated Market Summary - Trends
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where the government regulates how the means of production, goods, and services are used, priced, or distributed. This is the contemporary use of the term "free market" by economists and in popular culture; the term has had other uses historically . A free-market economy is an economy where all markets within it are unregulated by any parties other than those players in the market. This requires protection of existing property rights, but no coercive regulation, no coercive subsidization, no coercive government-imposed monopolistic monetary system , and no coercive governmental monopolies. The theory holds that within ...
Specialization in the audit market is critical for the future survival of the audit firms, and specialization is one of the five top issues impacting the CPA profession in the 21st century (AICPA 1998, Elicker III, 1998). The audit market has experienced significant changes since the 1980s, and recently, large audit firms have restructured along industry lines to address the increasing importance of the role of industry specialization in the audit market (see Gramling and Stone  for a literature review). These ongoing changes have likely affected the pricing of audit services. ... Read More