Interne kontroller i små virksomheder

Yacoubi Nielsen Ditte

Student thesis: Master thesis


This thesis is about the challenges with internal control and segregation of duties in smaller companies. There are many small companies in Denmark and FSR has made a study which shows that many auditors have found errors in the yearly financial statements from the small companies. These errors are in many cases caused by the companies’ lack of internal control and segregation of duties. Based on a review of COSO’s conceptual framework on internal control, this thesis will focus on how small companies in practice handle the conceptual framework and how the auditors through consulting can help the small companies to improve their internal controls system. The first part of the thesis includes a review of COSO's conceptual framework for internal control followed by a description of the requirements for the auditor's communication of deficiencies in internal control. How small businesses apply the Framework in practice is reviewed, as well as the requirements for the auditor's communications in small businesses. Companies have the opportunity to use several different types of controls, and these will be discussed on the basis of which is ultimately applicable for small businesses. The thesis is completed with an analysis of a case where it is based on a classic small business. The analysis will show the challenges the company faces when it comes to internal controls and segregation of duties. Based from these challenges, the auditor evaluates how he through recommendations and advice can help the small business to improve its challenges with internal controls and segregation of duties.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2015
Number of pages83