• Zaid Ben Naim Lone
4. semester, Revision (cand.merc.aud.), Kandidat (Kandidatuddannelse)
Looking at the audit requirements for Danish companies which is regulated in Financial statements Act § 135, it’s clear that the rules have been changed in recent years, going from a requirement of auditing of their annual financial statement to every Danish companies. To now being able to only be a requirement for large companies. Now accounting class B companies if they are under a certain size requirement then they are able to deselect the auditing of their annual financial statement. However, this does not import them for making the financial statement anyway, they just have the choose of doing this themselves without use of an accountant. If the companies, choose so the effect of this is that their annual financial statement do not include a signature of an accountant. This however means that the financial statement does not hold the same amount of guarantee of fairness and without faults as a signature of an accountant would signal. Accountants though offers other services to meet this problem as extended review, review and assistance. These services though do not include the same amount of a guarantee as an audit.

The changes in recent years come to remove the administrative burdens of small companies, so they would have the opportunity to deselect the audit. This have though caused some debate about the consequences that follows with this regulation. Therefore, based on this the thesis explores would examine how the society and the companies are affected by the new laws in Denmark on deselection of auditing, and furthermore if this increase the impact of fraud as an effect of that. To investigate this throughout the thesis this would be done by
during interviews with professional accountants, this is done to make a understanding of the impact this has had on their jobs, and what the consequences of these regulation furthermore can have on the society and companies themselves. To be able to look at this in different angles a number of investigations done by the Danish business authority, the Danish accountant organisation and as well the Danish tax authorities are used to analyse the impact.

The analysis shows that if the companies choose another service then audit from the accountant. It does not have a big impact on the society and the companies, however there where a clear increase in faults. The analysis showed that the increase in faults may through the companies not choosing to make use of the accountant. The companies that did not make use of an accountant had significant more faults than companies that did use the accountant.

Udgivelsesdato2 jun. 2019
Antal sider106
ID: 304997579