En analyse af lovgivningen af digitale regnskaber: Herunder udfordringer og konsekvenser ved lovpligtig anvendelse af XBRL

Theis Bruun Olsen & Ming Thieu Son Tang

Studenteropgave: Kandidatafhandlinger

Abstrakt

The latest year Denmark has gone through a paradigms shift in financial reporting. On the 7th April 2011 the Danish government agreed on a plan that resulted in that Danish companies should provide their annual financial statement in a digital format. The purpose is mandatory digital communication between the authorities and the companies. The old traditional financial paper reporting is now replaced by the digital financial reporting, including eXtensive Business Reporting Language (XBRL) as the tool to filing in the annual financial report. The first companies to submit their annual financial report in XBRL is companies involving accounting class B with balance sheet date 31. January 2012 or later. Companies in accounting class C and D have to fill in their annual financial report in respectively accounting year 2014 and 2015. This master’s thesis is concentrated about the main stakeholders; company, public auditor, The Danish Business Authority and the users of the annual report. The master’s thesis is an analysis by the law adoption. And it describes the challenges and consequences of how the law will affect the main stakeholders. Further, it is an analysis about the concept and the method in which the Danish Business Authority have launched XBRL and the mandatory of digital financial reporting. Questions like how it would impact the auditor’s role and responsibilities will be solved, and how it will impact the users of the annual report. Last, it will deal weather the companies are ready to fill their annual financial report in XBRL. The master’s thesis is built into five parts, where the first is introduction. The second part is theory, where the agent-principal theory will be described. Furthermore, the financial reporting regarding the traditional reporting and the new digital way to filing the annual report will be reviewed. Last, auditor’s role and responsibility and XBRL will be illustrated. The third part is empirical; where the authors will present primary data by own surveys and qualitative interviews with relevant trade organizations, the Danish Business Authority and a small auditor firm. The authors have picked out useful surveys as the masters thesis’ secondary data. Fourth part is analytical and the part is further divided into four parts; problem identification, problem solving, impact assessment and finally discussion. Fifth and last part is the conclusion and perspective, and thereby the final result of the master’s thesis. However, the authors evaluate one of the master’s thesis’ main topics. The solution that The Danish Business Authority has launched is this solution useful and is it complete. The users of the annual report can’t get the real benefits of the financial data yet. It is a process that only has begun and one can not predict when it is fully integrated.

UddannelserCand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling
SprogDansk
Udgivelsesdato2012
Antal sider141