November 1, 2010 the audit requirement in Sweden for small and medium enterprises was abolished, after many years of discussion. This essay aims to examine the effects of the abolishment of the audit requirement on credit. The intention is to draw conclusions about how the possible negative effects of the abolishment of the audit requirement could be prevented. The study has been made using a qualitative method to get a clearer and broader explanation that leads to deeper understanding. It includes an interview with creditors from one of the largest banks whose position represents a large group of lenders. In addition to the lender, two auditors with years of experience have been interviewed. Analysis of collected data has shown that there are both advantages and disadvantages of abolished mandatory auditing. One advantage of the audit abolition is that entrepreneurs no longer see the auditor as a constraint, but now they can see the added value of the skilled help that they can get. The disadvantages are that if companies opt out of the auditor, it could possibly lead to fewer companies qualified for credit because of the lack of audited accounts. The essay group consists of Oksana Brodin and Maria Lindén, who choose to study this topic because auditing is an economically relevant subject. The essay is written at Södertörn University, with Cheick Wagué as supervisor. Many thanks to the supervisor and opponent group for fruitful discussions and valuable comments. We thank our respondents for an interesting and committed cooperation in the study and hope that the essay can be a support to the stakeholders who work with credit, and to entrepreneurs of small and medium enterprises.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:sh-15450 |
| Date | January 2011 |
| Creators | Brodin, Oksana, Lindén, Maria |
| Publisher | Södertörns högskola, Institutionen för ekonomi och företagande, Södertörns högskola, Institutionen för ekonomi och företagande |
| Source Sets | DiVA Archive at Upsalla University |
| Language | Swedish |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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