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An examination of actual fraud cases with a focus on the auditor's responsibility

Research output: Contribution to conferencePaperResearchpeer-review


  • A 2007 05

    Final published version, 470 KB, PDF document

  • Claus Holm
  • Lars Bo Langsted, Denmark
  • Jesper Seehausen, Denmark
  • Accounting Research Centre - ARC
  • Department of Business Studies

The purpose of this paper is to contribute to an understanding of the intricate relationship between audit regulation and developments in audit practice in relation to the fraud issue. The extent and exact nature of the responsibilities of the auditor to detect fraud in relation to audit engagements has been widely discussed over the years. In this paper we classify actual cases, where the responsibilities of auditors have been established by the court system and/or by the auditors own professional organizations in Denmark. The dataset includes all publicized cases raised against Danish auditors within the time period 1909-2006. The information provided in the cases provides a basis for identifying the actual responsibilities pertaining to fraud during the audit. The overall finding of the historical analysis is that the responsibilities of the auditor in relation to fraud should be interpreted not as a group of its own, but in line with the development of what constitutes a good audit in general.

Original languageEnglish
Publication year2008
Publication statusPublished - 2008
Event14th Annual Midyear AAA Auditing Section Conference - Austin, Texas, United States
Duration: 17 Jan 200819 Jan 2008


Conference14th Annual Midyear AAA Auditing Section Conference
CountryUnited States
CityAustin, Texas

    Research areas

  • Fraud, auditor responsibility, intentional misstatements, misappropriation, fraudulent reporting, embezzlement

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