Registreringspligtige interessentskabers brug af en udvidet gennemgang

Marit Møller Damgaard

Student thesis: Master thesis


This thesis has focused on an extended review and how Partnerships, which are required registration after sections 2, subsection 3 in the Danish law for corporate business (Danish: Lov om visse erhvervsdrivende virksomheder), can exploit this new audit approach. In order to illustrate this, the thesis contains the following three paragraphs: How a Partnership is defined in Danish theory and practice; Which rules Partnerships, when reporting financial statements and in terms of existing audit methods, audit and extended review, are forced to follow; and How Extended Review has to be understood as a concept. Partnership: This paragraph analyzes how Danish theory and practice defined a Partnership. This paragraph has focused on the features characterizing this type of company. The analysis especially consider how the stakeholders are liable for the company’s obligations. Required registration Partnerships: This section interprets the requirements made to registered partnerships in relation to prepare financial statements according to the rules for class B and C of the Danish Financial Statements Act (Danish: Årsregnskabsloven) Extended review: This paragraph derives how to understand the new audit approach and extended review. The interpretation is refers to how to compare an extended review with the existing audit approaches, audit and review. Conclusions Extended Review is not necessarily an advantage for Partnerships as several factors are related; e.g controllers and accountants. These companies have to consider the user’s requirements for the degree of security in the financial statements in conjunction with the economic benefits as extended review can be. The auditors, who have to execute the extended review, run a business and therefore it is not sure that the extended review will be a good deal, economically, for the Partnerships as the government had predicted. However, it can turn out that this new audit approach can become a good business to the audit companies because the standard of the statement, which the auditors have to give on the financial statement, doesn’t require as many actions as a normal audit. This will appear in the standard for this type of statement.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2013
Number of pages79