Going concern: Forventningskløften mellem revisor og regnskabsbruger i relation til going concern - med fokus på ejendomsbranchen

Michael Hansen

Studenteropgave: Kandidatafhandlinger


This master’s thesis examines the expectation gap between users of financial statements and the auditors hereof in regards to the going concern assumption in order to determine whether and how it is possible to reduce the audit expectation gap. The thesis has a special focus on the real estate business, which has been used as a case study, as this business has been greatly troubled by the recent financial crisis and has experienced a high number of bankruptcies and financial restructurings. The empirical knowledge of the thesis includes an examination of the current legislation on audit and accounting, the topical trends in the on-going development of this legislation, and how the current legislation is reflected in financial statements in the real estate business. In addition, the empirical knowledge includes focus group interviews and expressions of opinions in relation to the going concern audit expectation gap. The interviews and expressions of opinions stem from research on the topic at the instance of IASB and the responses European Commission’s Green Paper “Audit Policy: Lessons from the Crisis,” respectively. In continuation of the above, a number of proposed improvements have been discussed on the basis of interviews with both a professional user of financial statements and an expert in auditing and accounting. On basis of the above, the three following improvements to the current legislation on auditing and accounting are recommended:  The expression, “a material uncertainty”, should be defined more clearly.  Information on the auditor’s responsibility in relation to the going concern assumption should be included in the Auditor’s Statement.  The annual report should contain relevant information that enables the user to understand and evaluate the management’s assessment of the going concern assumption.

UddannelserCand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling
Antal sider155