Professionella bedömningar i ISA för LCE

: En kvalitativ studie om revisionsbranschens förväntningar

Abstract

For the past few years, there has been a discussion on whether the auditing standard
ISA is applicable to all types of entities. Previous research has concluded that ISA
has become too detailed and comprehensive to be used for less complex entities.
Therefore, the international standard-setter IAASB has developed a new principlebased
standard called ISA for LCE which is tailored to fit these entities. Being
principle-based means that it should provide scope for the auditor’s professional
judgement. Since the new standard will not be implemented until the end of 2025
this study seeks to gain a better understanding of the expectations actors within the
auditing industry have on ISA for LCE in relation to professional judgement.
The theoretical framework addresses the context of auditing in smaller entities, the
theoretical perspective of structure versus judgement and theory of the auditor’s
professional judgement. The expectations have been examined using a qualitative
method in the form of semi-structured interviews with six individuals representing
actors within the auditing industry. The results showed that there are contradictions
between the actor’s expectations regarding professional judgement in ISA for LCE.
In order to strengthen the auditor’s opportunity and ability to exercise professional
judgement in ISA för LCE, it is suggested that the actors within the industry should
collaborate in the future implementation and application of the standard.

Date of Award	2024-Jun
Original language	Swedish
Supervisor	Nellie Gertsson (Supervisor), Caroline Pontoppidan (Assessor) & Heléne Tjärnemo (Examiner)