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Norske ikke-profesjonelle investorers oppfatninger og forventninger til revisor, deres oppfatninger og bruk av revisjonsberetningen ved investeringsbeslutninger, samt oppfatninger knyttet til den nye revisjonsberetningen og KAM

Larsen, Michael
Master thesis
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URI
http://hdl.handle.net/11250/2579747
Date
2018
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  • Master of Science [1823]
Abstract
The audit profession and the audit report have, as a result of several large

accounting scandals and the financial crisis of 2007-2008, been subject to large

amounts of criticism and the value of auditing has been questioned by, among

others, investors.

The theme of this master thesis is Norwegian non-professional investors’

perceptions and expectations for the auditor and the audit, as well as their

perceptions and use of the audit report in investment decisions. Since the audit

report recently has undergone significant changes, the current thesis has also

attempted to measure Norwegian non-professional investors’ perceptions of these

changes. There has been no research in this field in Norway before, as I am aware

of.

To answer the research questions, a quantitative web-based survey was conducted,

as well as three subsequent qualitative semi-structured interviews to gain a deeper

understanding of the results from the survey.

The findings show that Norwegian non-professional investors expect absolute

assurance from the auditor and the audit only to a small extent, with regard to the

uncovering of material misstatements, i.e. error and fraud. This indicates that an

expectation gap regarding the level of assurance provided by an audit is not

widespread among this user group. The results also show that the majority of

Norwegian non-professional investors rarely or never use the audit report in

investment decisions, and that those who use it are essentially only interested in

whether or not the audit report is clean. Regarding the new audit report and the

implementation of KAM, the results show that Norwegian non-professional

investors may not understand the information communicated in the KAM section,

they are not familiar with KAM or that they are still only interested in the

conclusion in the audit report. However, the results indicate that the KAM section

has somewhat contributed to an increased understanding of the auditor’s role and

that the new audit report, as a whole, is perceived to be less standardized and

easier to read and understand, compared to the former audit report. However, I

advise future research to elaborate further on this subject, which is discussed in

chapter six and seven of this thesis.
Description
Masteroppgave(MSc) i Master i regnskap og revisjon - Handelshøyskolen BI, 2018
Publisher
Handelshøyskolen BI

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