The implementation of the Statutory Audit Directive in Germany

Mastergradsoppgave i bedriftsøkonomi - Høgskolen i Bodø, 2009 This master thesis looks at how audit regulations is changed in the EU with special emphasis on the implementation process of the Statutory Audit Directive (SAD) into Germany. Various crises, the increasing globalisation as well as the ai...

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Bibliographic Details
Main Author: Wilkowski, Annegret
Format: Master Thesis
Language:English
Published: Høgskolen i Bodø 2009
Subjects:
Online Access:http://hdl.handle.net/11250/140582
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spelling ftnorduniv:oai:nordopen.nord.no:11250/140582 2023-05-15T15:45:26+02:00 The implementation of the Statutory Audit Directive in Germany Wilkowski, Annegret 2009 636025 bytes application/pdf http://hdl.handle.net/11250/140582 eng eng Høgskolen i Bodø http://hdl.handle.net/11250/140582 bedriftsøkonomi internasjonalisering international business marketing VDP::Social science: 200::Economics: 210::Business: 213 Master thesis 2009 ftnorduniv 2021-07-13T18:13:19Z Mastergradsoppgave i bedriftsøkonomi - Høgskolen i Bodø, 2009 This master thesis looks at how audit regulations is changed in the EU with special emphasis on the implementation process of the Statutory Audit Directive (SAD) into Germany. Various crises, the increasing globalisation as well as the aim of the European Commission to establish a harmonised capital market have led to continuous changes of the audit regulatory framework in the EU. The most recent change was thereby the SAD which has far-reaching impacts on the national audit systems of its Member States. Germany is taken here as a case country. The areas of the SAD which most affected Germany were cooperation, public oversight and quality assurance. The purpose of this thesis is to look more specifically at the implications the SAD has for the German audit regulatory system with focus on the public oversight requirements. This research will be supplemented by several different theories, namely crisis management, institutional theory, travel of ideas, and auditing culture. The main empirical data has been obtained through extensive documentary research, and in addition, a telephone interview with the vice-chairman of the German auditor oversight committee. The analysis showed that the anticipatory model can help to explain how audit regulations change in the EU. Factors, like differing expectations and the relevant audit environments influence what counteractive strategies are implemented. The SAD symbolizes thereby a counteractive strategy of the EU to regain the trust of investors into the capital markets again. The implementation of a public oversight is an important requirement but at the same time presents a challenge for national legislators by incorporating it into the their audit regulatory system. The main conclusion of this research is hence that the SAD has led to major changes in the audit regulatory system of the EU Member States that will help to make the capital markets more secure and lead to more cooperation among each other. It remains however to be seen how well that new system will work with the emergence of another major crisis. Master Thesis Bodø Open archive Nord universitet Bodø ENVELOPE(14.405,14.405,67.280,67.280)
institution Open Polar
collection Open archive Nord universitet
op_collection_id ftnorduniv
language English
topic bedriftsøkonomi
internasjonalisering
international business
marketing
VDP::Social science: 200::Economics: 210::Business: 213
spellingShingle bedriftsøkonomi
internasjonalisering
international business
marketing
VDP::Social science: 200::Economics: 210::Business: 213
Wilkowski, Annegret
The implementation of the Statutory Audit Directive in Germany
topic_facet bedriftsøkonomi
internasjonalisering
international business
marketing
VDP::Social science: 200::Economics: 210::Business: 213
description Mastergradsoppgave i bedriftsøkonomi - Høgskolen i Bodø, 2009 This master thesis looks at how audit regulations is changed in the EU with special emphasis on the implementation process of the Statutory Audit Directive (SAD) into Germany. Various crises, the increasing globalisation as well as the aim of the European Commission to establish a harmonised capital market have led to continuous changes of the audit regulatory framework in the EU. The most recent change was thereby the SAD which has far-reaching impacts on the national audit systems of its Member States. Germany is taken here as a case country. The areas of the SAD which most affected Germany were cooperation, public oversight and quality assurance. The purpose of this thesis is to look more specifically at the implications the SAD has for the German audit regulatory system with focus on the public oversight requirements. This research will be supplemented by several different theories, namely crisis management, institutional theory, travel of ideas, and auditing culture. The main empirical data has been obtained through extensive documentary research, and in addition, a telephone interview with the vice-chairman of the German auditor oversight committee. The analysis showed that the anticipatory model can help to explain how audit regulations change in the EU. Factors, like differing expectations and the relevant audit environments influence what counteractive strategies are implemented. The SAD symbolizes thereby a counteractive strategy of the EU to regain the trust of investors into the capital markets again. The implementation of a public oversight is an important requirement but at the same time presents a challenge for national legislators by incorporating it into the their audit regulatory system. The main conclusion of this research is hence that the SAD has led to major changes in the audit regulatory system of the EU Member States that will help to make the capital markets more secure and lead to more cooperation among each other. It remains however to be seen how well that new system will work with the emergence of another major crisis.
format Master Thesis
author Wilkowski, Annegret
author_facet Wilkowski, Annegret
author_sort Wilkowski, Annegret
title The implementation of the Statutory Audit Directive in Germany
title_short The implementation of the Statutory Audit Directive in Germany
title_full The implementation of the Statutory Audit Directive in Germany
title_fullStr The implementation of the Statutory Audit Directive in Germany
title_full_unstemmed The implementation of the Statutory Audit Directive in Germany
title_sort implementation of the statutory audit directive in germany
publisher Høgskolen i Bodø
publishDate 2009
url http://hdl.handle.net/11250/140582
long_lat ENVELOPE(14.405,14.405,67.280,67.280)
geographic Bodø
geographic_facet Bodø
genre Bodø
genre_facet Bodø
op_relation http://hdl.handle.net/11250/140582
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