Article citationsMore>>

Haney, E., & Hanan, A. (2014). The Impact of the International Standard for SMEs on Determining the Tax Base in Egyptian Enterprises—An Analytical, Theoretical study. In The 5th Annual Conference of the Accounting Department, Faculty of Commerce, Cairo University, Accounting in the Face of Recent Economic and Political Changes (pp. 8-25). Faculty of Commerce, Cairo University.

has been cited by the following article:

• TITLE: Effects of Mandating Audits for Egyptian SMEs on Their Financing Opportunities-Analyzing the Egyptian SMEs Audit Market

  AUTHORS: Mahmoud Galal Abouelghit, Shengdao Gan

  KEYWORDS: Auditing, Mandatory Audits, Egyptian SMEs, Financing, Banking

  JOURNAL NAME: Open Journal of Accounting, Vol.11 No.2, April 20, 2022

  ABSTRACT: This study investigates the magnitude of the impact of mandatory audits with bank officers on increasing SMEs’ financing opportunities, reflecting the benefit of SMEs and the national economy in general. Additionally, this study explores the audit market for small and medium-sized enterprises (SMEs) in Egypt and the perceptions between involved parties, especially auditors and owners/managers, about the role of audits in strengthening this vital sector of the Egyptian economy. Also, to determine the level of motivation to accept and undertake mandatory audits for this sector. This study obtained empirical evidence from a survey of 276 bank officers, 304 auditors, 282 SMEs’ owners/managers, and 217 Academics/Economists in Egypt. Additionally, 41 semi-structured interviews/phone calls; 11 bank officers, 8 auditors, 13 SMEs’ owners/managers, and 9 academics/economists asked their opinions about the economic consequences of mandating audits for the Egyptian SMEs. The results obtained confirm that mandatory audits for the Egyptian SMEs positively affect their financing opportunities. Also, mandatory audits for the Egyptian SMEs positively affect the bank officers’ credit-granting decisions.