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Bankers förändring av kreditbedömningen : Konsekvenser vid revisionspliktens avskaffande

by Orvinder, Emma; Lago, Johanna; Helgesen, Susanna

Abstract (Summary)
Background: Since 1988, Swedish private limited corporations have been prescribed by law to have their accounts reviewed by a qualified auditor, something that soon will be changed. In an ongoing government investigation, a proposal presented the 3rd of April2008 suggested that 96 percent of all private limited corporations should be eased from the auditing duty as of 1st of July 2010. The background to this proposal is that advantages for the small corporations are not considered to compensate the disadvantage with auditing.Purpose: The purpose with this thesis is to describe the change for banks in the credit rating process in the case of an abolition of the auditing duty and how these changes will affect the relation between bank and corporation.Frame of references and theory: To analyse the empirical findings the authors have used the stakeholder theory, the principal-agent theory and information asymmetry theory which all are well established theories. The theory of trust is a relatively new theory that hasbeen used in purpose to explain the importance of trust in the business world. The frame of references provides information about auditing and its basic principles as well as describing banks as creditors and their credit rating process.Method: In order to achieve the purpose, a case study consisted of both a qualitative and a quantitative collection method, have been conducted. The qualitative part consists of interviews with representatives from Danske Bank, Handelsbanken, Nordea, SEB and Swedbank. The representatives above have also answered a questionnaire in purpose to complement the interview with quantitative measurable information. In excess of this, literaturestudies have been done to gather secondary data.Conclusion: As a consequence of the abolition of the auditing duty, the costs for banks will increase. Direct costs due to a greater risk will be transferred to the particular corporations as greater demands while hidden costs due to longer office turnaround time will bespread out on all corporation customers
Bibliographical Information:

Advisor:

School:Högskolan i Jönköping

School Location:Sweden

Source Type:Master's Thesis

Keywords:auditing duty credit rating stakeholder theory principal agent information asymmetry of trust

ISBN:

Date of Publication:06/16/2008

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