Revisoretik i relation til besvigelser: Retningslinjer for revisors etiske adfærd – Udvikling og betydning for revisorprofessionen

Kasper Arvé Jensen

Student thesis: Master thesis


In this executive summary are the most important parts in the thesis summarized. The audit profession has in the recent decades been affected by major changes in the outside world because of the financial crisis and the corporate scandals. These occurrences have an impact on the legislation and the code of ethics. The thesis deals with auditor ethics in relation to fraud in Danish conditions. On this basis the thesis examines the need of ethics and the development of the code for accountants in relation to fraud which may cause ethical problems. The ethical problems arise in the area where the law is unclear or where the legislations are not fully developed with the same pace as the society, and thus no longer fully adequate. The auditor’s role in relation to ethics are clarified by selected ethical theories and the code of ethics - There is no universal theory or approach to these issues. The code of ethics constitutes the fundamentals of the auditor’s behavior as the public’s representative of trust and therefore the auditor need to be and understand the importance of independence to avoid conflict of interest. According to the above the auditor’s role in proportion to auditor ethics is analyzed by selected ethical theories and the code of ethics. The code of ethics and the theories are used in connection with “Revisornævnets” judgements in the period of 2006-2015. In the period “Revisornævnet” has given 662 judgements. These judgements are analyzed in relation to fraud. This resulted in 12 judgements where it was possible to analyze ethical problems in relation to fraud. Based on the above the profession is dependent on the compliance of the code of ethics in proportion to be the public’s representative of trust. It is further analyzed which impact the IESBA´s additions from 2012 in the code of ethics will cause to the profession and the single auditor. The IESBA´s exposure draft describes the circumstances where a professional accountant in public (Section 225) or business (Section 360) shall, or has a right to, override the fundamental principle of confidentiality and disclose a suspected illegal act to an appropriate external authority. The confidentiality is one of the five fundamental principles of the auditor profession and the overriding has by the FEE and FSR – danske revisorer led to criticisms. But no auditor can override the code of ethics in proportion to act like the public’s representative of trust.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2016
Number of pages104