Establishing Proactive Auditor Responsibilities in relation to Fraud : The Role of the Courts and Professional Bodies in Denmark
Publikation: Forskning - peer review › Tidsskriftartikel
|Bidragets oversatte titel||Revisors proaktive afdækning af besvigelser|
|Bidragets oversatte undertitel||domstolenes, responsumudvalges og revisornævnets rolle|
Over the years, there has been considerable discussion about the extent and exact nature of the responsibilities of the auditor to detect fraud. The purpose of our study is to examine how the courts and professional bodies in a principle-based legal system respond to the change in the audit promulgations introducing proactive responsibilities in relation to fraud. We observe the outcome of actual fraud cases in which the court system and professional bodies in Denmark establish the responsibilities of auditors. The data set includes all publicized cases in the period 1996–2006. We find that the Danish audit profession has adopted the new proactive responsibilities identified by the standard setters, whilst the courts and the professional bodies seem to see ‘the changes’ as mere clarifications of existing responsibilities. The proactive responsibilities are not further accelerated by prescriptive court rulings.
|Tidsskrift||International Journal of Auditing|
- besvigelser, revisoransvar, proaktiv revision, god revisionsskik