Role of the financial statements audit in SMEs

A descriptive research, based on a literature review that lasted from 2010 to the present was conducted with the objective of analyzing the different trends in the publications in scientific journals, on the role of the audit in the Financial Statement for SMEs. The financial auditor face a changing role and must take care on the challenge of corruption that manifests itself in various forms and at all levels of society. The characteristics of irregularities that may occur in SMEs require that the financial auditor have an ethical commitment in reviewing information to detect both the type and the ways in which such irregularities remain. According to the literature review, it is not a very high number of related papers detailing the specifics of the development of the financial audit in SMEs. Regarding the literature review, also few papers details the specifics of the development of the financial audit in SMEs. Existing stands that is not considered important the realization of investments in external audits of their financial statements and the benefits it can bring.