<p>Problem Area: The American company Enron was the seventh largest company notated on the stock market when it went bankrupt due to extensive accounting frauds in December 2001. By manipulating the financial reports, the management of Enron was able to hide huge debts through transactions with external companies. Therefore, they were able to deceive the public by reporting huge profits while the company, in reality, was generating a negative result. As a result of the bankruptcy, 40 billion dollars disappeared and tens of thousands of employees lost their jobs and pension savings. After the Enron scandal, further accounting frauds were discovered in the US, such as WorldCom and Tyco. The WorldCom bankruptcy is, as of today, the largest bankruptcy in the world. Following the scandals and the accounting frauds in a number US companies, the US congress passed a law – the Sarbanes-Oxley Act of 2002 (SOX).</p><p>Purpose: The purpose of the study is to examine how companies in Sweden have managed to implement SOX Sec. 404 – for ensuring internal control. The researchers will examine how different Swedish companies have approached the issue and how they have chosen to implement SOX sec. 404 in their organisation. Have some companies been more effective in their implementation than others and why? Limitations: SOX cover several areas around internal control and reporting. The authors will mainly study Sec. 404, which treats internal control over financial reporting, and is the section that has demanded most effort to comply with. Methodology: The study was conducted by a qualitative research method by conducting personal interviews with respondents from three different companies in Sweden. All of the participating companies in the study are obliged to comply with SOX. Conclusion: The researchers in this study have identified differences in the approach towards SOX-compliance by the participating organisations. The lack of how to implement guidance and the different approaches taken by companies towards SOX compliance may suggest that there is no supreme implementation guide that is suitable for all companies in order to achieve compliance. Proposals for Further Research: As the implementation phase just recently was completed the authors would like to find out how companies are sustaining compliance in the future. Researchers could focus on sustainable compliance as compared to this study where sustainable compliance is merely limited to one section. In addition, it would be interesting to carry out an in-depth study on one company to evaluate their implementation on a deeper level. This would give the researcher a deeper understanding which is more difficult to achieve when conducting a comparative study.</p>

Problem Area: The American company Enron was the seventh largest company notated on the stock market when it went bankrupt due to extensive accounting frauds in December 2001. By manipulating the financial reports, the management of Enron was able to hide huge debts through transactions with external companies. Therefore, they were able to deceive the public by reporting huge profits while the company, in reality, was generating a negative result. As a result of the bankruptcy, 40 billion dollars disappeared and tens of thousands of employees lost their jobs and pension savings. After the Enron scandal, further accounting frauds were discovered in the US, such as WorldCom and Tyco. The WorldCom bankruptcy is, as of today, the largest bankruptcy in the world. Following the scandals and the accounting frauds in a number US companies, the US congress passed a law – the Sarbanes-Oxley Act of 2002 (SOX). Purpose: The purpose of the study is to examine how companies in Sweden have managed to implement SOX Sec. 404 – for ensuring internal control. The researchers will examine how different Swedish companies have approached the issue and how they have chosen to implement SOX sec. 404 in their organisation. Have some companies been more effective in their implementation than others and why? Limitations: SOX cover several areas around internal control and reporting. The authors will mainly study Sec. 404, which treats internal control over financial reporting, and is the section that has demanded most effort to comply with. Methodology: The study was conducted by a qualitative research method by conducting personal interviews with respondents from three different companies in Sweden. All of the participating companies in the study are obliged to comply with SOX. Conclusion: The researchers in this study have identified differences in the approach towards SOX-compliance by the participating organisations. The lack of how to implement guidance and the different approaches taken by companies towards SOX compliance may suggest that there is no supreme implementation guide that is suitable for all companies in order to achieve compliance. Proposals for Further Research: As the implementation phase just recently was completed the authors would like to find out how companies are sustaining compliance in the future. Researchers could focus on sustainable compliance as compared to this study where sustainable compliance is merely limited to one section. In addition, it would be interesting to carry out an in-depth study on one company to evaluate their implementation on a deeper level. This would give the researcher a deeper understanding which is more difficult to achieve when conducting a comparative study.

Les anomalies congénitales du rein et du tractus urinaire (CAKUT) sont l’une des malformations les plus fréquentes chez l’homme, et résultent d’un défaut du programme de dévelopement des organes. La famille de gènes Sox code pour 20 facteurs de transcription qui assurent des fonctions multiples et essentielles pendant l’organogenèse chez l’homme et la souris. Nous avons précedemment montré que Sox8 et Sox9 sont nécessaires au branchement de l’uretère, et la perte de ces gènes résulte en une agénésie rénale. L’objectif de ce projet de thèse était de caractériser le role des gènes Sox-C (Sox4/11/12) in vivo chez la souris. L’analyse des patrons d’expression a révélé que Sox4 , Sox11 et Sox12 sont co-exprimés dans les cellules progénitirices des néphrons, destinées à subir une transition mésenchyme epithelium (MET) pour former des vésicules qui s'allongent pour aboutir au néphron fonctionnel. L’analyse phénotypique a révélé une redondance fonctionnelle entre Sox4 et Sox11 pendant les processus de MET et de maturation des néphrons: les double mutants développent une hypodysplasie rénale dûe à une réduction dramatique du nombre et de la taille des néphrons. Le pool de progéniteurs de néphrons est intact chez ces mutants mais incapable de s’engager dans la nephrogenèse, probablement dû à un changement d’identité cellulaire. Par ailleurs, en l’absence de Sox11, des bourgeons uretéraux ectopiques se forment, conduisant à des reins duplex, phénotype présent dans une proportion de patients CAKUT. De manière importante, nous avons identifié une série de variants SOX11 dans une cohorte de patients CAKUT, suggérant l'implication de mutations SOX11 dans cette maladie chez l'homme. / Congenital abnormalities of the kidney and the urinary tract (CAKUT) belong to the mostcommon birth defects in human and are caused by defects in the program governing organ development. The Sox gene family encodes 20 transcription factors that ensure multiple and essential functions during mouse and human organogenesis. We have previously shown that the homologous genes Sox8 and Sox9 are required for the branching process of the ureter and their loss results in renal agenesis. In this thesis project, we aimed to identify and characterize the role of the Sox-C genes (Sox4/11/12), in vivo using mouse models. Expression analysis revealed that Sox4, Sox11 and Sox12 are coexpressed in the self-renewing nephron precursors cells that are destined to undergo mesenchyme-to-eptihelial transition (MET) to form vesicles that elongate to give rise to the functional nephrons. Phenotypical analysis revealed a functional redundancy between Sox4 and Sox11 in MET and nephron maturation processes: double mutants display renal hypodysplasia, due to a dramatic reduction in the number and size of nephrons. The nephron precursor pool is intact in these mutants but unable to commit to nephrogenesis, probably because of a cell identity change. In addition, in the absence of Sox11, ectopic ureteric buds form, leading to duplex kidneys, a phenotype found in a proportion of CAKUT patients. Importantly, mutation analysis of a cohort suffering from CAKUT syndrome identified a series of SOX11 variants, thus suggesting an involvement of SOX11 mutations in this human disease.

In order to determine and study a protein structure, large amounts of it is needed. The easiest way to obtain a protein is to recombinantly overexpress it in the well-studied bacterium Escherichia coli. However, this expression host has one major disadvantage, overexpressed proteins might not be folded or be insoluble. Within the field of structural genomics, protein production has become one of the most challenging problems and the recombinant overexpression of viral proteins has in particular proven to be difficult. The first part of the thesis concerns the recombinant overexpression of troublesome proteins in E. coli. A method has been developed to screen for soluble overexpression in E. coli at the colony level, making it suitable for screening large gene collections. This method was used to successfully screen deletion libraries of difficult mammalian proteins as well as ORFeomes from five herpesviruses. As a result soluble expression of previously insoluble mammalian proteins was obtained as well as crystals of three proteins from two oncogenic human herpesviruses, all linked to DNA synthesis of the viral genome. The second part of the work presented concerns the structural studies of three herpesviral proteins. SOX from Kaposi’s sarcoma associated herpesvirus is involved in processing and maturation of the viral genome. Recently SOX has also been implicated in host shutoff at the mRNA level. With this structure, we propose a substrate binding site and a likely exonucleolytic mechanism. The holoenzyme ribonucleotide reductase is solely responsible for the production of deoxyribonucleotides and regulates the nucleotide pool of the cell. The small subunit, R2, has been solved from both Epstein Barr virus and KSHV. Both structures show disordered secondary structure elements in their apo-and mono metal forms, located close to the iron binding sites in similarity to the p53 induced R2 indicating that these two R2 proteins might play a similar and important role.

I examine firm governance characteristics for a sample of companies disclosing material weaknesses under section 404 of SOX to examine what factors impact the likelihood that a company will disclose those material weaknesses prior to their first section 404 report (under section 302 reporting requirements). I find companies that were audited by industry leading auditors, that have higher quality audit committees, that have shorter auditor/client relationships, that recently restated their financial statements or have been the subject of an SEC AAER, or that have experienced poor financial performance are more likely to discover and disclose weaknesses in their controls under section 302. I find moderate evidence of a positive relationship between company's that have a CFO with financial accounting background and disclosure prior to the SOX 404 report and a negative relationship between a company's institutional ownership concentration and the probability that they disclose weaknesses in their controls prior to the SOX 404 report. In sensitivity tests, I find a positive relationship between a company's institutional ownership concentration and the probability that they disclose significant deficiencies in their controls prior to the SOX 404 report suggesting systematic misclassification of control problems as significant deficiencies rather than material weaknesses in high institutional ownership concentration settings.

In the first essay using a sample of 3437 U.S. companies over the period 1992-2014, I demonstrate that international business activities of newly listed firms influence their corporate policies. Specifically, firms earning foreign pre-tax income at an early phase of their growth and development have higher investment and a higher propensity to acquire. I show that cash holdings are lower for firms involved in foreign activities, supportive of Duchin’s (2010) coinsurance theory. Further, CEOs of globally diversified firms have less pay-for-performance sensitivity than those of purely domestic firms. The second essay examines the impact of the Sarbanes-Oxley Act (SOX, 2002) on excess valuation calculated with the “chop shop” approach, which is typically used to measure the diversification discount. The results indicate a significant drop in excess valuation after SOX for both pure-play and multi-segment companies. Additional investigation of the calculation methodology and a difference-in-differences model show no distinction in this impact between un-accelerated and accelerated companies. There is no evidence to support that the Sarbanes-Oxley Act leads firms to diversify or focus. I run several robustness tests by including 2003 observations, creating a 2000-2006 subsample, excluding geographic segments. Finally, when in a firm's life would it fit for it to become involved in global strategies? What are the important influences on the decisions of young and mature firms to go international? I answer these questions in the third essay by examining the determinants that affect the choices of born-globals (BGs) and born-again globals (BaGs) to expand worldwide. My study is based on pre-existent theories of diversification, and I place specific emphasis on the conceivable role of peer influence and the motivation or desire for growth. I further study the entrenchment, the idiosyncratic risk, and the innovation caliber hypothesis. My results document that innovation efficiency strongly enhances BG’s propensity to global diversify. On the other hand, peer pressure, CEO ownership and idiosyncratic risk level significantly influence BGs not to globalize. In contrast, BaGs are positively influenced by their industry peers, showing how competition works in the financial markets for youthful versus mature companies.

No description available.

Les duplications de gènes et de génome sont considérées comme des moteurs de l’évolution des génomes eucaryotes. Trois duplications de génome complet (ou polyploïdisations) sont survenues au cours de l’évolution des vertébrés, dont deux à la base des vertébrés, et une troisième chez l’ancêtre commun des poissons téléostéens. La diversité morphologique, anatomique et écologique des espèces qui partagent un ancêtre commun polyploïde chez les chordés suggère un rôle des duplications de génome dans la diversification des espèces. En particulier, les duplications de génome semblent avoir facilité l’émergence du plan d’organisation des vertébrés, et être à l’origine de la radiation évolutive survenue chez les poissons téléostéens. Cependant, la portée évolutive des duplications de génome, et notamment les deux hypothèses majeures formulées ci-Avant, restent des questions ouvertes et en grande partie non résolues. Le groupe des téléostéens, qui compte plus de la moitié des espèces vertébrés existantes et partage un ancêtre commun polyploïde, constitue un modèle pertinent pour évaluer la contribution des duplications de génome dans l’expansion des familles multigéniques chez les vertébrés, pour comprendre les mécanismes évolutifs qui façonnent l’évolution des familles de gènes, et finalement tester les hypothèses moléculaires qui peuvent relier duplication de génome et biodiversité. Ainsi, nous avons étudié l’impact de la duplication de génome survenue à la base des téléostéens sur l’évolution de la famille multigénique sox, essentielle pour le développement et l’homéostasie des vertébrés. Notre analyse du contenu et de l’organisation des gènes sox dans 15 génomes de vertébrés, dont 10 téléostéens, révèle une importante expansion de l’ensemble de la famille des gènes sox dans ce vaste groupe de vertébrés, et démontre que cette expansion est essentiellement due à la duplication de génome survenue à la base des téléostéens. Les gènes sox dupliqués par duplication de génome semblent avoir été perdus par non-Fonctionnalisation dans certaines lignées, et préservés en deux copies par sous-Fonctionnalisation et/ou néo-Fonctionnalisation dans certaines autres lignées. Notre étude indique en effet une divergence lignée-Spécifique des patrons d’expression entre les gènes sox dupliqués chez différentes espèces de téléostéens. Ainsi, l’expansion du répertoire des gènes sox à la base des téléostéens semble avoir été suivi d’une évolution lignée-Spécifique du contenu et des fonctions de la famille des gènes sox chez les poissons téléostéens. Cette étude supporte l’hypothèse d’un rôle des duplications de génome dans l’enrichissement et la diversification subséquente des répertoires de gènes du développement tels que les gènes sox, et son rôle potentiel dans la diversification des espèces vertébrés. / Gene and genome duplications are major engines of eukaryotic genome evolution. Three rounds of whole genome duplication (WGD) have occurred during vertebrate evolution, two rounds at the base of the vertebrate lineage, and a third round in the common ancestor of the teleostean fish (the so-Called teleost-Specific WGD). In chordates, species that share a polyploid ancestor are characterized by a huge morphological, anatomical and ecological diversity suggesting a role of WGDs in species diversification. For instance, it is considered that these drastic genomic events provided the raw material for the emergence of the vertebrate body plan, and facilitated speciation processes during the teleost radiation. However, how WGD is related to phenotypic diversification or to major evolutionary transitions are fundamental questions that remain largely unsolved. Teleostean fish constitute more than half of all extant vertebrates and share a polyploid ancestor. Thus, they provide a relevant model to study the importance of WGDs in gene families expansion, to understand evolutionary mechanisms that drive the evolution of these families and, finally, to test molecular hypotheses that might relate WGD and biodiversity. In this project, we studied the impact of the teleost-Specific WGD on the evolution of the sox gene family which are involved in development and homeostasis in vertebrates. Our analysis of the content and the genomic organization of the sox genes in 15 vertebrate genomes, including 10 teleosts, reveals an important expansion of this family in the teleost lineage, and demonstrates that this expansion is mainly due to the teleost-Specific WGD. The duplicated sox genes seem to have been lost by non-Functionalization in certain lineages, and preserved in two copies in others by neo-Functionalization and/or sub-Functionalization. Indeed, this study indicates lineage-Specific divergence in expression patterns between duplicated sox genes in different teleostean species. Hence, the sox family expansion that occurred in the last common ancestor of teleostean fish seems to have been followed by a lineage-Specific evolution of the content and functions of the sox family in this group. Our study supports the hypothesis for a role of WGDs in the enrichment and diversification of developmental genes repertories and its potential role in species diversification in vertebrates.

Inledning: De senaste årens redovisningsskandaler, där bland annat Enron och Worldcom var inblandade, har lett till att förtroendet för den finansiella rapporteringen har minskat eftersom rapporteringen av bolagens ekonomiska ställning inte har varit sanningsenlig. Debatten kring redovisningsskandalerna har främst handlat om att den finansiella rapporteringen inte har varit tillförlitlig på grund av bristande intern kontroll hos bolagen. För att vinna tillbaka marknadens förtroende införde George W Bush en ny lagstiftning som kom att kallas Sarbanes Oxley Act. Alla bolag som är registrerade på amerikanska börsen måste följa lagen, vilket även påverkar svenska bolag. Sarbanes Oxley Act är en omfattande lag som består av ett antal sektioner. Den del av lagen som sägs innebära störst förändringar för bolagens arbete är SOX Sektion 404, Management assesment of internal control, det vill säga ledningens utvärdering av intern kontroll.Syfte: Syftet med rapporten är att genom en fallstudie skapa kunskap om Sarbanes Oxley Act Sektion 404 påverkan på ett företags externa rapportering och om implementeringen av denna lag ökar tillförlitligheten och minimerar risken för felaktig rapportering och bedrägerier i ett företag.Metod: I denna del beskriver vi de metoder som vi valt att använda oss av i vår uppsats samt vad de innebär. Vi tillämpar följande metoder; hermeneutisk ansats, kvalitativ metod, abduktiv metod och som undersökningsmetod har vi använt oss av en fallstudie. Vi beskriver även vår datainsamlingsprocess samt hur vi förhåller oss källkritiskt till den insamlade datan.Analys och slutsatser: Vi har kommit fram till att det har krävts en del förändringar hos det företag vi har valt att studera, Parker Hannifin AB, för att leva upp till kraven som ställs i SOX Sektion 404. SOX har påverkat tillförlitligheten i den finansiella rapporteringen genom bland annat införande av nya IT – system, tydligare ansvarsfördelning och fler behörighetsbegränsningar i IT – systemen i syfte att bland annat minska risken för obehörig åtkomst till data samt eliminera risken för felaktiga transaktioner. Vi har i undersökningen även kommit fram till att Parker i samband med implementeringen av SOX har fått tillämpa en ny modell för intern kontroll för tillförlitlig finansiell rapportering. Modellen heter CAVR som skall säkerställa att kraven för intern kontroll för finansiell rapportering uppfylls. / Uppsatsnivå: C

<p>Syfte:</p><p>Vårt samhälle går igenom en stor förändring genom att industrisamhället alltmer ersätts med dagens informationssamhälle. Denna förändring lämnar ingen människa oberörd utan alla berörs på något sätt, endera privat eller i arbetslivet. Syftet med denna uppsats är att jag vill skapa en uppfattning hur IT utvecklingen har förändrat företagens sätt att bedriva handel och hur det i sin tur har påverkat revisionen och revisorernas metoder och arbetssätt.</p><p>Metod:</p><p>Då arbetet var tänkt att undersöka om denna IT utveckling har förändrat revisionen eller revisorns arbetssätt, har jag valt att undersöka detta utifrån en kvalitativ metod i den empiriska undersökningen för att på detta sätt få så uttömmande svar som möjligt. Mitt syfte med de respondenter som jag valde, var att se om de skiljde något i deras uppfattning beträffande metoder och arbetssätt i och med IT utvecklingen. Jag valde därför respondenter med snarlika förutsättningar. De arbetade alla inom stora revisionsbyråer med liknande arbetsuppgifter och med kunder inom både små och stora företag. Eftersom målsättningen inte varit att göra en kvantitativ undersökning gjordes valet av respondenter inte slumpmässigt.</p><p>Resultat & slutsats:</p><p>I min undersökning har jag kommit fram till att företagens förändrade handelssätt och IT utvecklingen varit en stor bidragande orsak till revisionens och revisorns förändring av arbetssätt. Men det är inte bara IT utvecklingen som har skapat dessa förändringar. Revision och revisorer påverkas mycket av lagar och regler, så dessa förändringar har även skapats på grund av att dessa har förändrats. Den största förändringen som framkom med revisionen var att pappersdokumenten harförsvunnit alltmer och ersatts med elektroniska dokument som idag inte skrivs ut som det gjordes tidigare, utan idag sparas dokumenten på olika optiska medium. En IT revision är ingen fristående revision utan den ingår i den traditionella revisionen. Det som granskas vid en IT revision är, att företagens operativsystem, nätverk och databaserfungerar på ett tillfredsställande sätt och det som är viktigt att granska är intern kontroll och IT säkerhet. För att granska detta så använder sig revisorn allt mer av olika datoriserade revisionsverktyg och standarder. Dagens affärssystem integreras med ehandel produktionsstyrning och resultatet är att systemen blir alltmer sammansatta. Så för att granska de komplexa systemen så har efterfrågan på särskilt utbildade IT revisorer ökat i branschen. I både teori och praktik så framkom det under arbetets gång,att om IT revision utförs av revisorer med en gedigen kunskap av IT system så ansågs det att det kommer att skapa en mer trovärdig revision och att revisionen kommer att genomföras på ett säkrare och mer effektivt sätt, vilket i sin tur gynnar hela samhället.</p><p>Förslag till fortsatt forskning:</p><p>Ett skäl som framkom under arbetets gång till att marknaden efterfrågar en mer gedigen IT kompetens förutom IT systemens komplexitet var den lag som infördes i USA 2002 (Sarbanes Oxley Act). Denna lag infördes efter de uppmärksammade redovisningsskandalerna i USA och innebär hårdare redovisningskrav framförallt på revisorers oberoende och högre krav på den interna kontrollen. Lagen påverkar även Svenska företag som är registrerade på den amerikanska börsen fr.o.m. den 15 Juli 2005. I både teori och praktik så framkom det att troligtvis kan denna lag innebära att de Svenska företagen som är noterade på den amerikanska börsen kan komma att lyda under två regelverk. Det skulle vara intressant att undersöka hur denna lag kommer att påverka revisorernas arbetssätt.</p><p>Uppsatsens bidrag:</p><p>Internet uppfanns redan på 1960-talet och mycket har hänt sedan dess. Från början så fanns det inget vinstintresse med Internet, utan det var framförallt studenter från USA och runt om i världen som använde Internet eller ARPAnet som det kallades för att maximera den lilla dataprestanda som fanns på den tiden. Men i slutet av 1990-talet så hade sättet utvecklats hur man på nätet både kunde distribuera information och betjäna människor genom att utföra beställningar, läsa eller sända information dygnet runt. Detta har gjort att Internet har utvecklats till en stor och vinstdrivande marknadsplats. Som en följd av denna samhällsutveckling och den snabba IT utveckling som har skett, blir IT teknologin en allt viktigare framgångsfaktor i dagens affärsprocesser. För att företag ska kunna vara framgångsrika och överleva på dagens globala och konkurrensutsatta marknad bör de hänga med i denna utveckling. För att klara Internet och e-handel så måste företagen investera i olika former av affärssystem.Ett affärssystem är en programvara som används för att styra olika processer t.ex. inom försäljning, e-handel eller ekonomi. Dessa system utvecklas till att blir alltmer komplexa, detta leder i sin tur till att det ställs allt högre krav på kompetensen både inom företaget samt på revisorerna som ska granska dessa IT system.</p> / <p>Aim:</p><p>Our community is going through a huge change because nowadays information community is replacing the industrial community. This change leaves no human untouched, every one is affected somehow either private or in operational life.The aim with this study has been to create an understanding for my self and the reader how IT development has change the audit and auditors methods and their way of work.</p><p>Method:</p><p>Since the aim with this study was to investigate and to get such a full picture of the subject as possible if the IT development has change the audit and the auditors methods and way of work have I chosen to investigate this subject based on quality method in the practical search. My arrangement with the respondents that I choused was to see if there opinion differs from each other if IT development has change there methods and way of work. I choose auditor in similar situations. They all worked in big accounting firms with similar tasks and their customers were both from small and big firms. The plan with this study wasn’t to make a quantity investigation, therefore the respondents wasn’t chosen by random.</p><p>Result & Conclusions:</p><p>In this study I have skilled that the IT development has strongly contributed to change the working situation for the audits and the way they work. But it’s not only the IT development that has contributed to these changes. Laws and rules have also have a large affect on the audit and Auditors. The biggest change I discovered in the auditors way of work was that documentation on paper is less common nowadays. Today documentation is done on optical media and it’s not printed out like it used to do. An IT audit is not an isolated audit; it is a part of the traditional audit. The things that are highlighted in an IT audit are that the operating systems, networks and databases all work in a god manner. Another things that are important to look into will be matter such as internal control and security regarding IT. To review these areas use the auditors more often nowadays-special data auditor tools. In today’s business systems ecommerce is integrated with processing controls, which results in more complex systems. To audit this complex systems the market demands for specially educated IT auditors have increased. In both theory and practice it came to light during the work process, that if the IT audit is preformed by auditors with a genuine knowledge of the systems that they are auditing it will accomplish an audit with high credibility. And the audit will be preformed safer and more efficient, which is a benefit for all of society.</p><p>Suggestions for future research:</p><p>One of the reasons that emerge during the research to why the market demands a genuine IT knowledge, other than the complexity of the systems, is the law how become active in USA 2002, the Sarbanes Oxley Act. This law was activated after the audit scandals in USA and involve higher demands when it comes to the auditor’s independence and internal control. This law also affects Swedish company’s who is registered on the US stock exchange from 15 July 2005, witch means that they have to take consideration to two different laws. It would be interesting to study how this law will affect the auditors work procedures.</p><p>Contributions of the thesis:</p><p>Internet was invented in the sixties and much has happened since then. In the beginning profit was not the motivation with Internet, the users was students in the U.S. and around the world, and their target was to maximize the little computer recourses that was available in those days. At the end of the ninetieth methods has been developed how to use the Internet for distributing information and offer customer services such as ordering, reading and send information around the clock. This has created Internet to expand into a big and profitable marketplace. As a direct consequence of the fast IT growth and the development in the society, the IT technologies are playing a bigger part as a way to success in today’s business processes. If a company wants to survive and make progress in today’s global and highly competitive state of affairs they must keep up with this development. To be able to work with Internet and e-business, must the companies invest in different kinds of information-systems. An information-system is software that is used to control different types of processes for example selling, e-business or finance. These systems are constantly under development and getting more and more complex, for this reason demands on competence of the people who handle these systems are constantly getting higher, both inside the company and on the auditor who will verify these IT systems.</p>