Are credit risk analysts concerned about the audit of the financial statements of SMEs?

ABSTRACT: This paper analyzes the usefulness of auditing in processes of credit granting to SMEs. A survey of 471 risk analysts in Spain shows that the fact that financial statements are audited increases perceived quality of accounting information, reduces perceived risk in operations, increases tr...

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Detalles Bibliográficos
Autores: Palazuelos Cobo, Estefanía|||0000-0002-6536-4804, Herrero Crespo, Angel|||0000-0001-8103-9174, Montoya del Corte, Javier
Tipo de recurso: artículo
Fecha de publicación:2017
País:España
Institución:Universidad de Cantabria (UC)
Repositorio:UCrea Repositorio Abierto de la Universidad de Cantabria
Idioma:inglés
OAI Identifier:oai:repositorio.unican.es:10902/10894
Acceso en línea:http://hdl.handle.net/10902/10894
Access Level:acceso abierto
Palabra clave:Auditing
Small and medium enterprises (SMEs)
Financial entities
Risk analysts
Credit granting
Auditoría de cuentas
Pequeñas y medianas empresas (Pymes)
Entidades financieras
Analistas de riesgos
Concesión de crédito
Descripción
Sumario:ABSTRACT: This paper analyzes the usefulness of auditing in processes of credit granting to SMEs. A survey of 471 risk analysts in Spain shows that the fact that financial statements are audited increases perceived quality of accounting information, reduces perceived risk in operations, increases trust in companies and has a positive impact both on the probability that SMEs will have better access to credit and on obtaining better financing conditions.