Fuente: Sustainability - Revista científica (MDPI) Sustainability, Vol. 18, Pages 600: Organizational Sustainability in the U.S. Audit Market: Firm Survival, Structural Risk Factors, and the Stable Dominance of the Big Four
Sustainability doi: 10.3390/su18020600
Authors:
Viktoriia Vovk
Jan Polcyn
Mălina Dârja
Olena Doroshenko
Rafal Rebilas

A robust audit services market is essential for ensuring financial transparency, regulatory compliance, and investor confidence. As a dimension of organizational sustainability, the capacity of audit firms to remain competitive and resilient under market pressures is increasingly relevant. However, existing research has paid insufficient attention to the stability of audit firms and the survival dynamics of mid-sized players. The present study addresses this gap by examining the volatility of the U.S. audit services market and the sustained dominance of the Big Four firms over the 2019–2023 period. Based on data from Accounting Today’s annual rankings, the study employs Kaplan–Meier survival analysis to assess the probability of audit firms remaining in the Top 100 over time. Furthermore, K-means clustering is used to identify structural factors contributing to firm exit, including revenue, number of employees, branches, and partners. The results indicate that, while the Big Four retained stable leadership, 19 firms exited the rankings, with revenue and number of specialists being the most influential exit factors. These findings provide insights for enhancing risk assessment, strategic planning, and regulatory design. Moreover, the study contributes to broader discussions on organizational sustainability and long-term competitiveness within the context of the U.S. audit sector, while offering insights that may be informative for understanding similar dynamics in other markets rather than aiming for direct global generalization.