Revisors udfordringer ved rådgivning og assistance

Maria Østergaard Søder

Student thesis: Master executive thesis


An auditor’s core competencies are estimated to be auditing, accounting and taxes. The area of auditing have in recent years been legislative reduced, making fewer companies subjected to audit obligations. This has resulted in an increase in assistance declarations and a greater focus on advice from the auditor. This is reflected in the revenue distribution from the large Danish audit firms. It’s been interesting to examine how an auditor must relate to the increasing in assistance and consultancy services for the benefit of audit performance. The monopoly status of the auditor, as well as the competencies of the auditor, is challenged. The auditor's profession is based on a triangular relationship between the agent-principal theory. The auditor acts as the public’s representative and ensures the quality of the historic financial information in the company’s accounts. The management will base its decisions on this source. When the auditor is appointed to an advisory role, the company requires the service on the common two-party relationships. E.g. assistance with execution of a generational change. The role as professional advisor and sparring partner for the company, is difficult for the auditor to meet. The ethical guidelines can stand in the way if the task e.g. is a threat to the auditor’s independence. Meanwhile the companies expect a more proactive approach from the auditor, and see a great value in both auditing and accounting, even though the audit obligations continuously lessen. It appears that companies would not want to opt out auditing even if they had the opportunity. Most companies also wouldn’t opt out auditing services in benefit of consultancy services. Therefore, it requires an extra effort from the auditor if the companies’ expectations of all services must be met. The audit industry is under pressure from its surroundings, which is reflected in the merges between the large and medium-sized audit firms, making the firms equipped to service its clients. However, there is a great demand on non-audit nature services, as several industries now offer these services. The audit industry is seeking to enter other markets, in order to not lose its size and be driven out of business. Whether there will be auditing and audit obligations in the future is uncertain. However, if the trend continues, it appears not to be so. Therefore, the industry is forced to think in new terms for the future of auditing.

EducationsMaster of Public Governance, (Executive Master Programme) Final Thesis
Publication date2016
Number of pages77