Internal Control - Efficiency in the Audit Process
(2006)Department of Business Administration
- Abstract
- The purpose of this research is to examine the implications of the provisions in the Swedish Code of Corporate Governance (the Code) concerning auditor attestation of the internal control report. We will focus on how the auditors’ augmented responsibilities will affect the efficiency in the audit process.Our research indicates that the main benefit from reviewing the internal control report is achieving more reliable internal controls, which results in greater prevention of misstatements in the financial statements. This will affect the efficiency in the audit process since the auditor can place more reliance on internal controls when performing audit procedures. This implies that the benefits of preventing misstatements could outweigh the... (More)
- The purpose of this research is to examine the implications of the provisions in the Swedish Code of Corporate Governance (the Code) concerning auditor attestation of the internal control report. We will focus on how the auditors’ augmented responsibilities will affect the efficiency in the audit process.Our research indicates that the main benefit from reviewing the internal control report is achieving more reliable internal controls, which results in greater prevention of misstatements in the financial statements. This will affect the efficiency in the audit process since the auditor can place more reliance on internal controls when performing audit procedures. This implies that the benefits of preventing misstatements could outweigh the efforts and resources spent on reviewing the internal control report. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1350135
- author
- Nordenadler, Cecilia and Änghede, Elisabeth
- supervisor
- organization
- year
- 2006
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Internal control, Efficiency, Audit methods, The Swedish Code of Corporate Governance, Sarbanes-Oxley Act, Management of enterprises, Företagsledning, management
- language
- Swedish
- id
- 1350135
- date added to LUP
- 2006-06-13 00:00:00
- date last changed
- 2012-04-02 16:05:05
@misc{1350135, abstract = {{The purpose of this research is to examine the implications of the provisions in the Swedish Code of Corporate Governance (the Code) concerning auditor attestation of the internal control report. We will focus on how the auditors’ augmented responsibilities will affect the efficiency in the audit process.Our research indicates that the main benefit from reviewing the internal control report is achieving more reliable internal controls, which results in greater prevention of misstatements in the financial statements. This will affect the efficiency in the audit process since the auditor can place more reliance on internal controls when performing audit procedures. This implies that the benefits of preventing misstatements could outweigh the efforts and resources spent on reviewing the internal control report.}}, author = {{Nordenadler, Cecilia and Änghede, Elisabeth}}, language = {{swe}}, note = {{Student Paper}}, title = {{Internal Control - Efficiency in the Audit Process}}, year = {{2006}}, }