Auditing developed during the past hundred years and today consists of an auditor’s audit of a firm’s annual reports. When an auditor has reviewed a firm’s accounts, s/he establishes an audit report. An audit is executed to provide the owners and other stakeholders a true and fair view of the firm Purpose: The purpose of [...]
Statutory audit – beyond the yes or no debate
The overall purpose of this thesis is to contribute to the debate about the statutory audit for small limited companies, by moving beyond the “yes and no debate”. We will describe and explain the attitudes towards the statutory audit and the existing accounting regulations among micro companies in two different business sectors.In order to fulfil [...]