<p>In April 2008 an official report, SOU (2008:32), was presented. In that report it was suggested</p><p>that the statutory audit for approximately 96 % of the Swedish companies was to be abolished.</p><p>The report suggests that the new regulations should apply to all limited companies that</p><p>are below two of three limits that have been suggested: a) a balance-sheet total of 41,5 million</p><p>SEK; b) a net turnover of 83 million SEK or; c) less than 50 employees. The regulations are</p><p>suggested to come into force July 1, 2010. According to the Swedish laws that regulate the</p><p>limited companies, Aktiebolagslagen 10:11, should all limited companies regardless of size</p><p>have an chartered accountant or otherwise approved. The purpose of the audit is to create a</p><p>trust towards the figures that the company shows and also to act as an assurance towards third</p><p>parties (Collis, 2003; Strenger et al, 2008). Commercial banks are one of the parties that use</p><p>the audited material in connection with granting of credits to small limited companies. The</p><p>aim of our study has been to describe and analyze the commercial bank's credit granting, and</p><p>to make a survey of what may happen with the process of credit granting and the credit</p><p>granting as such in case of an abolishment of the statutory audit. To do this we used a</p><p>qualitative research. We as researches have aimed to discuss the credit granting process and a</p><p>possible abolishment with the credit granters that are involved in the process. The study has</p><p>shown that commercial banks always use audited material in the credit granting process. The</p><p>commercial banks have a positive attitude towards the audited material and regard it as a</p><p>guarantee of quality. The study has shown that the commercial banks will not change how the</p><p>credit granting process is carried through in comparison of today. But the possibility of effects</p><p>upon credit prizing and upon choices of securities are not ruled out by the commercial banks.</p>
| Identifer | oai:union.ndltd.org:UPSALLA/oai:DiVA.org:hh-2657 |
| Date | January 2009 |
| Creators | Wallentin, Andreas, Larsson, Elena |
| Publisher | Halmstad University, School of Business and Engineering (SET), Halmstad University, School of Business and Engineering (SET), Högskolan i Halmstad/Sektionen för Ekonomi och Teknik (SET) |
| Source Sets | DiVA Archive at Upsalla University |
| Language | Swedish |
| Detected Language | English |
| Type | Student thesis, text |
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