Revisionsudvalg i danske børsnoterede virksomheder: En spørgeskemaundersøgelse med fokus på bestyrelsesmedlemmernes erfaringer med revisionsudvalg

Catja Noormagi Dragsbæk

Student thesis: Master thesis

Abstract

This thesis study is based on the Audit Committee members experience. Audit committees, have in recent years, become a natural part of corporate organizational structure. A key issue when it comes to audit committee has proved to be the members' qualifications, I have therefore chosen to focus this thesis on audit committee members' experience and qualifications, as well as their work tasks and meeting frequency. A financial expert can, not only be appointed on, the basis of audit and accounting qualifications, but also because of other relevant qualifications. Therefore, I have examined whether the members of the audit committee in Denmark possess financial expertise, or whether there are other qualifications, that are important in audit committees. If so, is there any need for financial expertise in the audit committee? I have gathered information through a questionnaire survey, with various parameters relating to audit committees, including meeting frequency, qualifications, work tasks, and experience of the members. Haraszuk (2013) has found that knowledge of the company's industry is as important as the financial qualifications. However, this study has shown that there is a need for financial expertise in the audit committees, but it has also shown that the members distinguishes between and prefer the accounting qualifications rather than the audit qualifications. This thesis has also shown that, in relation to the audit committee's meeting frequency, scope and work tasks, as well as board members' experience, there is much greater correlation to accounting qualifications than audit qualifications. This is consistent with the study conducted by (Kim et al, 2015). However, several studies (Cohen et al., 2010; Zalata et al., 2018) show that instead of focusing on a single member's financial qualifications, the assessment should be of the audit committee, as a unit. Therefore, this study is important in relation to the regulatory requirements currently applicable to audit committees.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
LanguageDanish
Publication date2018
Number of pages97
SupervisorsKim Klarskov Jeppesen