Going Concern: En analyse af perioden før revisors rapportering

Janni Rosfeldt & Jeppe Gammelby

Student thesis: Master thesis

Abstract

The paper in hand is based on the question about which information demands the public can claim in relation to going concern evaluations within Danish companies. In addition it examines more closely the challenges for the management and auditor of the current regulation, when considering the period before the auditor evaluates on going concern in his report. The paper analyzes what has created the focus on the going concern term today, and also why regulation is important in connection with going concern. It means that the justification of the going concern term will undergo an examination in a historical public context compared to present and former crisis. Furthermore the basic value and justification of the going concern term in connection with rendering of the published financial statement is being considered. The paper also analyzes which regulatory demands the management are subject to in connection with going concern seen from the part of both the accounting law and the company law. The period up until the evaluation of the management is simultaneously being analyzed in order to show, how the companies hedge their business, and with this estimate the content in their assessment of how to stay going concern. This is being compared to the judgment of the interest group, and what they find essential in this context. In addition the auditors work with going concern during the audit is being analyzed. In the light of this the paper reviews which statutory regulations the auditor is subject to by the evaluation of going concern. From this evaluation it is considered if the responsibility and obligations of the auditor, compared to the knowledge of going concern of the other interest groups, correspond to the information demands declared by the interest groups. From the above we will identify present issues illustrating how the present regulation is being complied with, and if this is sufficient seen in the light of the requirements of the users of the accounts and of the interest groups.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
LanguageDanish
Publication date2013
Number of pages140