Over the years there have been several corporate scandals, which have been linked to shortcomings in the auditing. In order to avoid similar scandals in the future, increased requirements for law and standards have been introduced. With the help of regular quality controls, the audit should maintain high quality and shortcomings should be discovered earlier. Previous research shows that it is often in the audit documentation that deficiencies occur.The purpose of this paper is to identify factors that cause shortcomings in the audit documentation. In order to fulfil the purpose of the paper, interviews have been conducted with ten auditors from various audit firms in Skåne. The theoretical framework is based on a model that shows my understanding of how different factors affect the audit documentation.The conclusion of the study shows that the auditor's perceptions of the regulation, the auditor’s professional role and the audit firm structure are factors that may cause shortcomings in the audit documentation, which can often be related to the lack of time in the process of auditing. The moment in the audit process regarding assessments of essential information may cause shortcomings in the audit documentation. This is because auditors can interpret and assess differently, which reflects what information each auditor considers to be essential information to include in the audit documentation. This in turn can lead to the fact that all auditors do not include what law and standard require.As a proposal for future research, a study should be made in order to determine how many assignments are optimal for an auditor to audit per year, with regards to the time aspect in relation to the documentation requirements.
|Date of Award||2018-Jul-10|
|Supervisor||Nils-Gunnar Rudenstam (Supervisor) & Marina Jogmark (Examiner)|
- Degree of Bachelor of Science in Business and Economics
- 15 HE credits
Swedish Standard Keywords
- Business Administration (50202)
- professional judgment