Hvilke faktorer er afgørende for revisors valg af metodik: Der undersøges hvordan danske revisorer fastsætter revisionsmetodikken og hvilken konsekvenser dette kan få for revisor

Rikke Reichhardt

Student thesis: Master thesis


In 2014, Daniel Botez wrote that the procedures for risk assessment and calculation of materiality was different from auditor to auditor, and that the firm the auditor was employed at also had an impact. Why this is the case, when all auditors and audit firm follow the same international standards of auditing, comes Professor William F. Messier Jr. and Assistant Professor Lizabeth A. Austen with a study about. They have conducted a study on the audit risk model, which shows that the traditional form, does not anticipate the connection between the inherent risk and the control risk.
This thesis is based on similar studies of Danish auditors. Based on two case companies, a number of Danish auditors in some of the biggest firms in Denmark, have been asked to conduct a risk assessment, determining the materiality level and assessing the Company’s internal controls.
The purpose of the study is to investigate whether there is a connection between the auditors’ choices and their workplaces, as well as whether there is a basis for a deeper investigation in the connection.
Before reviewing the results of the study, there is a comprehensive review of the theory behind the study. Here, the relevant International Standards on Auditing (ISA) are reviewed, as well as the connection between these and the Audit Risk Model and the COSO model.
The limitation of this thesis is that this study cannot stand alone but can be seen as an initial study on the Danish market. The results from this thesis can provide a basis for preparing a more comprehensive study, which could show that there would be problems in the Danish audit firms.
The results from the survey shows that in some audit firms there is a greater disagreement in the choices of the case companies. This starts entirely in the determination of the materiality level, where a difference of DKK 4.7 million from lowest to highest determination will have a decisive impact on the further choices and work to be done. At the same time, 10 % of the respondents’ report that they have not been able to comment on the company’s control environment, and about 20 % answer that they will not use controls in their audit of the two case companies.
In addition, the study reveals that the use of controls is not the same in all audit firms, which in turn is crucial to how an accounting item is audited and how the auditor is forced to make use of detailed tests.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2020
Number of pages85