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Is value creation creaking old audit creatures joints? - A qualitative multiple case study of large audit firms

Lövgren, Linnea LU and Stevens, Magdalena LU (2018) BUSN79 20181
Department of Business Administration
Abstract
Seminar date: 2018-05-31

Course: BUSN79 Business Administration: Degree Project in Accounting and Finance, 15
credits

Authors: Linnea Lövgren and Magdalena Stevens

Advisor: Amanda Sonnerfeldt

Five key words: Professional service firms (PSFs), value creation, technological
development, competence, audit.

Purpose: The overall purpose of this thesis is to provide deeper knowledge and provide a
contextual understanding of the Swedish audit domain and how PSFs manage competence
and value creation due to the technological change. By investigating how the firms manage
competence and value creation, the authors will examine what strategy they have used to
respond to the technological change and how they ensure that their... (More)
Seminar date: 2018-05-31

Course: BUSN79 Business Administration: Degree Project in Accounting and Finance, 15
credits

Authors: Linnea Lövgren and Magdalena Stevens

Advisor: Amanda Sonnerfeldt

Five key words: Professional service firms (PSFs), value creation, technological
development, competence, audit.

Purpose: The overall purpose of this thesis is to provide deeper knowledge and provide a
contextual understanding of the Swedish audit domain and how PSFs manage competence
and value creation due to the technological change. By investigating how the firms manage
competence and value creation, the authors will examine what strategy they have used to
respond to the technological change and how they ensure that their employees possess the
required competence.

Methodology: To address the research purpose, the study has a qualitative approach
consisting of a multiple case study on PSFs.

Theoretical perspectives: The value creation process framework has been complemented
with theories regarding capabilities, strategic responses and the competence set of a real time
economy auditor.

Empirical foundation: The first part of the empirics is based on secondary sources mainly
obtained from the case companies’ websites. The second part of the empirics is based on
interviews conducted with the case companies as well as an interview conducted with FAR.

Conclusions: The individual competence set has changed as the firms have highly integrated
technology and have moved away from the traditional audit competence set. The
technological development has facilitated the ability to share knowledge within the firms.
External value creation has been increased as the technological development has influenced
the audit function. The service delivery has also been expanded as the auditors provide more
advisory services in the audit function. The value creation in the audit function has increased
as the firms have had a proactive strategy which is inconsistent with previous studies. (Less)
Please use this url to cite or link to this publication:
author
Lövgren, Linnea LU and Stevens, Magdalena LU
supervisor
organization
course
BUSN79 20181
year
type
H1 - Master's Degree (One Year)
subject
keywords
Professional service firms (PSFs), value creation, technological development, competence, audit.
language
English
id
8956903
date added to LUP
2018-09-12 10:42:03
date last changed
2018-09-12 10:42:03
@misc{8956903,
  abstract     = {Seminar date: 2018-05-31

Course: BUSN79 Business Administration: Degree Project in Accounting and Finance, 15
credits

Authors: Linnea Lövgren and Magdalena Stevens

Advisor: Amanda Sonnerfeldt

Five key words: Professional service firms (PSFs), value creation, technological
development, competence, audit.

Purpose: The overall purpose of this thesis is to provide deeper knowledge and provide a
contextual understanding of the Swedish audit domain and how PSFs manage competence
and value creation due to the technological change. By investigating how the firms manage
competence and value creation, the authors will examine what strategy they have used to
respond to the technological change and how they ensure that their employees possess the
required competence.

Methodology: To address the research purpose, the study has a qualitative approach
consisting of a multiple case study on PSFs.

Theoretical perspectives: The value creation process framework has been complemented
with theories regarding capabilities, strategic responses and the competence set of a real time
economy auditor.

Empirical foundation: The first part of the empirics is based on secondary sources mainly
obtained from the case companies’ websites. The second part of the empirics is based on
interviews conducted with the case companies as well as an interview conducted with FAR.

Conclusions: The individual competence set has changed as the firms have highly integrated
technology and have moved away from the traditional audit competence set. The
technological development has facilitated the ability to share knowledge within the firms.
External value creation has been increased as the technological development has influenced
the audit function. The service delivery has also been expanded as the auditors provide more
advisory services in the audit function. The value creation in the audit function has increased
as the firms have had a proactive strategy which is inconsistent with previous studies.},
  author       = {Lövgren, Linnea and Stevens, Magdalena},
  keyword      = {Professional service firms (PSFs),value creation,technological development,competence,audit.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Is value creation creaking old audit creatures joints? - A qualitative multiple case study of large audit firms},
  year         = {2018},
}