Abstract
Purpose: This study aims to provide a comprehensive and systematic framework for understanding the multifaceted dimensions of audit firm mergers by conducting a content-based screening of existing research.
Method: A total of 46 scholarly articles were analyzed, and input was obtained from 22 purposefully selected experts. Key indicators were identified and prioritized using the Shannon entropy method.
Results: Drivers such as gaining regulatory recognition, market concentration, specialization, economies of scale, client complexity, and the adoption of information technology encourage audit firms to merge. Conversely, behavioral resistance, lack of legal infrastructure, negotiation difficulties, and capital structure act as major barriers. During the merger process, audit firms evaluate potential partners based on cultural fit, strategic alignment, regulatory compliance, size compatibility, and delegation structures. Factors contributing to the post-merger sustainability of audit firms include strategic planning, implementation of agreements, governance systems, regulatory oversight, talent acquisition, organizational interactions, and infrastructure transformation.
Conclusion: The merger of audit firms in Iran is a multidimensional process influenced by four key aspects: drivers, barriers, evaluation criteria, and sustainability factors.
Contribution: This study contributes novel insights to the auditing literature in emerging markets and offers strategic implications for policymakers aiming to facilitate effective regulation, enhance oversight mechanisms, and strengthen governance structures in merged audit firms.
Main Subjects
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