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Auditor or Accounting Consultant?: From a bank loan officer’s perspective
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2015 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Background and problem: With the abolition of the audit requirement in Sweden, accounting consultants' role and responsibilities have become increasingly prominent because many small limited companies have chosen to not hire or retain an auditor. According to the credit rating company Soliditet, small companies who do not have an auditor are now more at risk of expensive credits because of the increased uncertainty surrounding these companies' annual reports. We therefore want to examine:

If small limited companies hire an authorized accounting consultant instead of an auditor, what affect does this have on the credit decision and the trust from a bank loan officer’s perspective? And can the financial statements report conducted by an authorized accounting consultant be seen as equivalent to the audit report when bank loan officers make credit decisions?

 

Purpose: The purpose of this study is to investigate bank loan officers’ perceptions regarding the credit assessment and how bank loan officers’ trust is affected depending on whether a small limited company has hired an auditor or an authorized accounting consultant. We also want to investigate what perceptions bank loan officers have regarding the auditor’s report and the financial statements reports. The study will thus facilitate for small limited companies faced with the decision to select an auditor or an authorized accounting consultant.

 

Method: The study is written from a qualitative approach and the empirical data has been collected from semi-structured face to face interviews with bank loan officers from different banks in Jönköping.

 

Conclusion: This study indicates that bank loan officers’ credit assessments are affected to some extent depending on whether a small limited company has hired an authorized accounting consultant or an auditor. This study also indicates that bank loan officers in Jönköping have limited knowledge and little experience of working with authorized accounting consultants. One of the biggest differences between the bank loan officers' answers in the study was whether the financial statements report conducted by an authorized accounting consultant can be seen as equivalent to the audit report. Some of the bank loan officers were more positive to this while others were very negative.

Place, publisher, year, edition, pages
2015.
Keyword [en]
Auditor, authorized accounting consultant, bank loan officer, credit assessment, credit rating, trust
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-27243ISRN: JU-IHH-FÖA-2-20150092OAI: oai:DiVA.org:hj-27243DiVA: diva2:822276
Examiners
Available from: 2015-07-30 Created: 2015-06-16 Last updated: 2015-07-30Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf