Skip survey header

Survey on Assurance for SMEs

This survey is being conducted by the European Federation of Accountants and Auditors for SMEs (EFAA) in collaboration with its member organisations to determine the views of European small and medium-sized entities (SMEs) on audit and alternatives to audit. It seeks to establish the benefits that SMEs perceive from having an audit and, where they are not required to have one, the motivations and reasons for choosing one or not choosing one. We anticipate the results, which will eventually be analyzed and summarized into a report, will be used to promote and advocate the views of SMEs with respect to the types of services and support they use and need from external accountants. We estimate it will take around 3 minutes to complete. All responses will be treated anonymously.

2. What is your role or position in the company? (Tick one) *This question is required.
3. Is the company a family-owned business? *This question is required.
4. Did the company use any of the following sources of finance in 2017? (Tick all that apply) *This question is required.
5. Were the annual accounts for 2017 prepared by an external accountant? *This question is required.
6. Did the company receive any other non-audit services from an external accountant(s) in 2017? *This question is required.
7. Apart from the shareholders and filing organization, who normally receives a copy of the company’s accounts? (Tick all that apply) *This question is required.
8. Were the company’s accounts audited in 2017 for any of the following reasons? (Tick all that apply)
9. What are the benefits to the company from having the accounts audited? (Tick all that apply) *This question is required.
10. If allowed, would the company consider an alternative service to an audit? *This question is required.
11. What benefits would your company seek from an alternative service? (Tick all that apply)
12. At present, in the European Union audit exemption is only available to small companies (0 – 50 employees). Do you think audit exemption should also be made available to medium-sized companies (51 – 250 employees)?