%0 Journal Article
%T Effects of Mandating Audits for Egyptian SMEs on Their Financing Opportunities-Analyzing the Egyptian SMEs Audit Market
%A Mahmoud Galal Abouelghit
%A Shengdao Gan
%J Open Journal of Accounting
%P 149-179
%@ 2169-3412
%D 2022
%I Scientific Research Publishing
%R 10.4236/ojacct.2022.112009
%X This study investigates the magnitude of the impact of mandatory audits with bank
officers on increasing SMEsĄŻ 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 empiri<span>cal evidence from a survey of 276 bank officers,
304 auditors, 282 SMEsĄŻ</span> owners/managers, and 217 Academics/Economists in
Egypt. Additionally, 41 semi-structured interviews/phone calls; 11 bank
officers, 8 auditors, 13 SMEsĄŻ owners/managers, and 9 academics/economists
asked their opinions about the economic consequences of mandating audits for
the Egyptian SMEs. The <span>results obtained
confirm that mandatory audits for the Egyptian SMEs posi</span><span>tively affect their financing opportunities. Also,
mandatory audits for the </span>Egyptian SMEs positively affect the bank
officersĄŻ credit-granting decisions.
%K Auditing
%K Mandatory Audits
%K Egyptian SMEs
%K Financing
%K Banking
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=116631