Enforcement of IFRS in Sweden
(2009)Department of Business Administration
- Abstract
- Purpose: Has the trust changed for the Swedish financial reports based on IFRS standards with the enforcement work done by FI and OMX, and if so, why? This thesis has found evidence suggesting that trust towards the financial statements has changed, unfortunately to the worse. Although there is a perception today among preparers (the companies) and attesters (the auditors) that the work contributes to a creation of trust, the magnitude and actual impact are hard to specify. Due to the transparency, competence and impact of the surveillance made by the former enforcement body Övervakningspanelen, there is not an increased trust towards the financial statements in comparison to the situation today. With interviews as a data collection... (More)
- Purpose: Has the trust changed for the Swedish financial reports based on IFRS standards with the enforcement work done by FI and OMX, and if so, why? This thesis has found evidence suggesting that trust towards the financial statements has changed, unfortunately to the worse. Although there is a perception today among preparers (the companies) and attesters (the auditors) that the work contributes to a creation of trust, the magnitude and actual impact are hard to specify. Due to the transparency, competence and impact of the surveillance made by the former enforcement body Övervakningspanelen, there is not an increased trust towards the financial statements in comparison to the situation today. With interviews as a data collection technique, we have gathered data from five respondents representing larger listed companies, auditors from the four largest auditing firms, and from the enforcement bodies FI and OMX. We have used theoretical perspectives related to the concept of trust in business and enforcement of IFRS in order to grasp their relations. Trust is fundamental when working with surveillance and financial statements today. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1437805
- author
- Frejinger, Ida and Johansson, John
- supervisor
- organization
- year
- 2009
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Management of enterprises, CESR, FI, OMX, IFRS, Enforcement, Trust, Företagsledning, management
- language
- Swedish
- id
- 1437805
- date added to LUP
- 2009-06-08 00:00:00
- date last changed
- 2012-04-02 17:47:49
@misc{1437805,
abstract = {{Purpose: Has the trust changed for the Swedish financial reports based on IFRS standards with the enforcement work done by FI and OMX, and if so, why? This thesis has found evidence suggesting that trust towards the financial statements has changed, unfortunately to the worse. Although there is a perception today among preparers (the companies) and attesters (the auditors) that the work contributes to a creation of trust, the magnitude and actual impact are hard to specify. Due to the transparency, competence and impact of the surveillance made by the former enforcement body Övervakningspanelen, there is not an increased trust towards the financial statements in comparison to the situation today. With interviews as a data collection technique, we have gathered data from five respondents representing larger listed companies, auditors from the four largest auditing firms, and from the enforcement bodies FI and OMX. We have used theoretical perspectives related to the concept of trust in business and enforcement of IFRS in order to grasp their relations. Trust is fundamental when working with surveillance and financial statements today.}},
author = {{Frejinger, Ida and Johansson, John}},
language = {{swe}},
note = {{Student Paper}},
title = {{Enforcement of IFRS in Sweden}},
year = {{2009}},
}