Besvigelser: Herunder vurdering af ny regel om tvungen rotation af revisor

Maria Voss

Studenteropgave: Kandidatafhandlinger


After the global financial crisis occurred in 2008, this led to several major both national and international companies suffered heavy losses, and some of them eventually went bankrupt during the financial crisis. Statistics show that 36 % of all companies have been victimized by economic crime, this is for the first time a decrease by 1 % since the financial crisis, therefore there is a clear link between a financial crisis and the occur of fraud.
The financial crises have led the reader, investors and ordinary citizens to raise questions about how auditors could give unqualified audit certificates for these companies. Consequently, there has been a lot of focus on the accounting profession ever since the financial crisis, which has led the European Commission to publish the Green Paper, which consists changes of the previously existing directive, concerning the companies of public interest (PIEs) only. The intention of the European Commission's implementation of the Green Paper has been to rebuild confidence in the auditors and that the risks of error and fraud in the annual reports, by increasing the auditor's independence. The above proposals and other EU rules were finally adopted as the new Auditing law in Denmark and came into force 17. Of June 2016.
The purpose of this thesis is to clarify the definition of the term economic crime/fraud according to ISA 240, and to elucidate and analyze both the auditor and companies own responsibility for themselves of preventing and detect fraud during an audit. In relation to the above mentioned new auditor law, I particularly want to highlight the rule of compulsory rotation of auditors for companies of public interest (PIE-companies), as well as to analyze and elucidate how this will affect new auditor’s possibilities of detecting fraud
This thesis, will review which possibilities the companies and accountants have for exploring fraud, the two types of fraud there will be focused on are misappropriation of assets and manipulation of the financial re- porting. To prevent fraud, the companies can create a reliable and strong internal control environment. This thesis will illustrate different key elements on how the companies can secure the risk of fraud. Despite the established reliable internal control environment, it is not a guarantee to avoid fraud completely, because of the management authority they can overrule the implemented controls, and perform manipulation with the financial reporting.
In relation to the new Auditor law and its regulations regarding PIE-companies and mandatory rotation of auditor firms, the thesis will evaluate whether these new initiatives also will contribute positively to the iden- tification and prevention of fraud, although this was not the main purpose of implementing the regulations.

UddannelserCand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling
Antal sider100