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Enforcement of IFRS in Sweden

Frejinger, Ida and Johansson, John (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)
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author
Frejinger, Ida and Johansson, John
supervisor
organization
year
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},
  keyword      = {Management of enterprises,CESR,FI,OMX,IFRS,Enforcement,Trust,Företagsledning,management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Enforcement of IFRS in Sweden},
  year         = {2009},
}